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Islamabad: Details of external loans and grants obtained by Pakistan from July to November have been revealed, according to documents from the Economic Affairs Division. In the first 5 months of the current fiscal year, Pakistan has acquired external funding totaling 4.28 billion dollars.
Compared to the annual target of 17.61 billion dollars, 24% of the funds have been obtained in the first 5 months, as reported by the Economic Affairs Division. Saudi Arabia, according to the division, deposited 2 billion dollars in time deposits and also provided a facility of 50 million dollars in the form of oil credit.
Under the New Pakistan Certificate, Pakistan received 40.74 million dollars from abroad, and international financial institutions, including the World Bank and the Asian Development Bank, provided 78.66 million dollars.
The estimate for the current fiscal year suggests that Pakistan will receive 5.33 billion dollars from international financial institutions, with contributions from China, France, Japan, the United States, and other countries totaling 8.3 billion dollars.
