ISLAMABAD: Inflow of foreign loans and grants to Pakistan increased 14 per cent to $3.032 billion in the first five months (July-November) of the current fiscal year compared to $2.667bn, mainly on the back of support from the International Monetary Fund (IMF).<\/p>\n
Inflows in November alone amounted to $511m, relatively higher than $471m in October, but almost 46pc lower than $944m in the same month of last year.<\/p>\n
Of the total, foreign loan inflows rose 46.22pc to $2.521bn in 5MFY26 compared to $1.724bn last year. Grants, on the other hand, fell by 43pc to $54m from $94m in the same period last year.<\/p>\n
These inflows do not include $1.2bn disbursed by the IMF early this month and would be accounted for later.<\/p>\n
MoF reports Pakistan receives over $3.03bn, including grants<\/p>\n
The target for total foreign inflows for current year has been set at $19.9bn compared to $19.4bn last year.<\/p>\n
In July-November of 2023, Pakistan was able to materialise more than $4.3bn mainly because of signing of the 9-month Stand-By Arrangement (SBA) with the IMF. As a result, Pakistan received a major injection of $2bn in time deposit from Saudi Arabia. In fact, total inflows in July 2023 had amounted to $5.1bn that also included $1.2bn from the IMF and another $1bn from the UAE.<\/p>\n
The Ministry of Economic Affairs on Tuesday said that total foreign inflows in 5MFY26 stood at $3.032bn compared to $2.667bn last year. The EAD said that out of total inflows, $1.157bn was received for project financing compared while non-project inflows amounted to $1.875bn.<\/p>\n
This meant about $966m loans were received in five months for budget support. This is despite the fact that annual target for budget support this year was set at $13.5bn compared to $15bn last year. The authorities were also able to materialise $500m against Saudi Oil facility in five months, at a set rate of $100m each month, of the fiscal year against an annual target of $1bn.<\/p>\n
Against a full year target of $5bn from multilaterals (excluding IMF), Pakistan got only $1.258bn in five months from multilateral lenders against $1.46bn of same period last year when the annual target was $4.5bn.<\/p>\n
Total inflows from bilateral lenders (other than three strategic friendly countries) in five months of the year amounted to $808m against annual target of $1.36bn but was 200pc higher than $269m of same period last year when the full year target was $523m.<\/p>\n
Total inflows from bilateral and multilateral lenders amounted to $2.066bn in five months of this year against the annual target of $6.4b. Last year, the government had secured $1.73bn from bilateral and multilaterals against annual target of $5.05bn.<\/p>\n
Inflows from overseas Pakistanis increased to $966m in five months, up from $735m of same period last year in the shape of Naya Pakistan Certificates. The government has targeted a total of $609m through these certificates during the current year, which has already been surpassed by a wide margin.<\/p>\n
The full year $19.9bn target for current fiscal year includes $6.4bn from both multilateral and bilateral lenders including $5.05bn from multilaterals and $1.36bn from bilateral lenders, $400m in international bonds, $3.1bn foreign commercial loans, $5bn time deposit from Saudi Arabia and $4bn SAFE deposit from China.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Inflow of foreign loans and grants to Pakistan increased 14 per cent to $3.032 billion in the first five months (July-November) of the current fiscal year compared to $2.667bn, mainly on the back of support from the International Monetary Fund (IMF). Inflows in November alone amounted to $511m, relatively higher than $471m in October, […]<\/p>\n","protected":false},"author":1,"featured_media":14469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/14468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14468"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/14468\/revisions"}],"predecessor-version":[{"id":14470,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/14468\/revisions\/14470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/14469"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}