Pakistan gets over $16bn in rollovers, new loans
During the first ten months of the 2024–25 fiscal year, Pakistan secured a total of $16.08 billion in foreign assistance, including loans and grants, against an annual target of $19.2 billion by the end of June.
Roughly half of this amount came from rollovers of existing financial support by China, Saudi Arabia, and the United Arab Emirates. Fresh loan disbursements and grant inflows totaled $6.086 billion between July and April, reflecting a nearly 15% decline compared to the same period in the previous fiscal year.
According to the Economic Affairs Division’s (EAD) monthly report on Foreign Economic Assistance (FEA), this year’s inflow of $6.086 billion is significantly below the $7.142 billion recorded during July-April FY24, when the full-year target stood at $17.6 billion.
These figures do not account for about $1 billion released by the International Monetary Fund (IMF) in October under the $7 billion Extended Fund Facility (EFF), which is reported separately by the State Bank of Pakistan. An additional $1 billion disbursed by the IMF last week is also excluded from the EAD’s tally.
Including the rollovers and new disbursements, total external financing reached $16.08 billion during the July–April period. This includes $3 billion each from Saudi Arabia and China, and $2 billion from the UAE. Pakistan’s total annual rollover portfolio from these three nations stands at approximately $12.7 billion. Despite these inflows, the country’s net international reserves remain modest at around $3.3 billion.
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