Pakistan secured more than $16 billion in external financing during the last fiscal year, according to official documents. The funding helped meet the country’s financing needs despite missing its annual borrowing target. Saudi Arabia emerged as Pakistan’s largest bilateral financial supporter.
Official records show Pakistan received over $16 billion, or approximately Rs4.52 trillion, in external financing. However, the government fell $3.072 billion short of its annual foreign borrowing target of $19.92 billion. Financing accelerated significantly in June, when the country secured more than $4 billion.
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Saudi Arabia provided the largest bilateral support during the fiscal year. According to the documents, the Kingdom extended $3 billion in fresh deposits, a $1 billion loan, and $1 billion in oil financing. The assistance helped strengthen Pakistan’s foreign exchange reserves and external financing position.
Multilateral lenders also played a major role in the financing programme. International financial institutions collectively disbursed more than $5 billion in loans. The Asian Development Bank (ADB) provided $1.77 billion, while the World Bank extended more than $1.5 billion during the fiscal year.
Meanwhile, friendly countries, including Saudi Arabia and China, contributed $1.35 billion in bilateral loans. A Chinese bank also refinanced a $1.70 billion loan. Additionally, Pakistan secured $1.90 billion in commercial borrowing from international banks, including $200 million from a British bank.
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The government also attracted more than $3 billion through Naya Pakistan Certificates, while the Economic Affairs Division confirmed receipt of $420 million from the International Monetary Fund (IMF). Pakistan also continued receiving disbursements under the IMF’s $7 billion loan programme during the fiscal year.
According to official documents, Pakistan received $3.43 billion in project loans, $12.72 billion in non-project financing, and $149.5 million in grants. The latest figures highlight the country’s continued reliance on external financing to support foreign exchange reserves, fiscal stability, and debt obligations.