Pakistan has received $4.9 billion in external financial assistance during the first eight months (July-February) of the current fiscal year, according to a report released by the Economic Affairs Division.
The country has set a foreign funding target of $19.2 billion for the entire fiscal year (July to June). However, as of February, only a fraction of this target has been met.
Breakdown of foreign financial assistance
- $2.4 billion came from aid agencies.
- $330 million was received as loans from donor countries.
- France provided the highest loan amount, contributing $100 million.
- China followed with $99 million, while the United States provided $40 million.
- Saudi Arabia extended financial support of $12.3 billion.
- The Asian Development Bank (ADB) contributed $1.9 billion.
- Commercial banks lent $500 million.
- $1.3 billion was borrowed through the Naya Pakistan Certificate scheme.
- The World Bank provided $880 million, while Chinese banks lent $300 million.
The report highlights the challenges Pakistan faces in securing external funding to meet its $19.2 billion target, which is crucial for managing economic stability and debt obligations.
