ISLAMABAD: In the initial quarter of the current financial year, Pakistan saw an inflow of $3.52 billion in foreign funds.
As per the Ministry of Economic Affairs report, the funds received during this period comprised $3.49 billion in loans and $34 million in grants. Of this, $2.65 billion was designated as budget support, and $874 million as project assistance.
Comparatively, last year saw a total of $2.234 billion during the same quarter. This reflects a notable surge of 58% in Pakistan’s external funding for the first quarter of the fiscal year.
The report highlights that $2.89 billion was received right after the agreement with the International Monetary Fund (IMF), including $1.2 billion from the IMF and $1 billion from the United Arab Emirates (UAE) in August.
In September alone, Pakistan received $321 million in foreign funding, a slight increase from $316 million in the same month last year. The funding sources include $2 billion from Saudi Arabia, $508 million from China, $490.5 million from various institutions, and $324.5 million as mutual loans.
Additionally, the Naya Pakistan Certificate contributed $204.5 million, contributing to a total estimated foreign funding of $17.62 billion for the current fiscal year, as per the Ministry of Economic Affairs report.
