Islamabad: Official documents have revealed that Pakistan received over $6 billion in foreign loans and grants during the first 10 months of the current fiscal year. This includes $5.92 billion in loans and $158.3 million in grants.
According to the documents, the $2.1 billion received from the International Monetary Fund (IMF) is in addition to the amount above. Furthermore, Saudi Arabia, the UAE, and China rolled over deposits worth $6 billion.
Pakistan received $2.97 billion from international financial institutions between July and April. During this period, countries including China and the United States provided $370 million in loans. Additionally, Pakistan secured $760 million in external commercial loans over the 10 months.
The Economic Affairs Division reported that Pakistan raised $1.61 billion through the Naya Pakistan Certificates. Moreover, $2.63 billion was acquired for various development projects.
Pakistan also received more than $3 billion in budgetary support during the 10 months.
According to the documents, the target for foreign financial assistance in the current fiscal year is set at $19.39 billion.
