ISLAMABAD: The government has secured $1.72 billion in foreign loans from multilateral and bilateral creditors during the first four months (July-October) of the current fiscal year, despite the absence of international bond issuances or deposit rollovers so far.
Including the $1 billion tranche disbursed by the International Monetary Fund (IMF) under the $7 billion Extended Fund Facility (EFF), the total foreign loans for the period amount to $2.72 billion. However, the Economic Affairs Division (EAD) did not show the IMF loan in its data, as it supports the balance of payments (BoP) and is recorded on the State Bank of Pakistan’s balance sheet. By comparison, Pakistan received $4.25 billion in foreign loans during the same period last fiscal year (2023–24).
For the current fiscal year, Islamabad has projected $19.39 billion in foreign loans from multilateral and bilateral creditors. This includes $9 billion in foreign deposits — $5 billion from Saudi Arabia and $4 billion from China — as well as $1 billion from an international bond issuance.
According to data from the EAD, Pakistan received $259 million from bilateral creditors during the first four months of the fiscal year. Key contributions include China $97.58 million, France $89.64 million, Germany $11.29 million, Japan $9.71 million, Korea $7.59 million, Saudi Arabia $6.35 million and the US $37.32 million.
Multilateral creditors disbursed $721 million during the same period. Significant contributors include the Asian Development Bank (ADB) $173.05 million, the Asian Infrastructure Investment Bank (AIIB) $17.41 million, the World Bank (WB) $266.64 million under IDA (concessional loans) and $97.19 million under IBRD, Islamic Development Bank (IsDB) $100 million (short-term loan) and $50.41 million, IFAD $15.56 million, OPEC Fund $0.75 million.
In addition, the government secured $200 million through commercial loans and $547 million through the Naya Pakistan Certificates during the first four months of the current fiscal year.
Gun, resident added, accidentally went off and the bullet hit him in chest, leaving him critically injured
IHC issues an order in this regard, during hearing on mother’s petition regarding disappearance of her two sons
PM says attitudes of extremism, hatred and division are contrary to Islam’s teachings of unity and brotherhood
Both sides discuss measures to ensure smooth operations including customs facilitation and regulatory alignment
PTI is united under leadership of party founder, Gohar said
Third-party audit played critical role in identifying non-compliant firms, leading to their immediate closure
