ISLAMABAD: The federal government secured over $26.5 billion in foreign financing during the fiscal year 2024-25, marking a significant increase compared to the 2023-24 fiscal year, according to a report by the Ministry of Economic Affairs.
The report states that friendly countries including Saudi Arabia, China, and the UAE rolled over $12.13 billion in loans, while $2 billion was received from the IMF.
Additionally, $12.13 billion was obtained through project financing and budgetary support.
In June 2025 alone, Pakistan received $5.24 billion in financing, compared to $2.25 billion in June 2024. During the last fiscal year, $4.83 billion was received under multilateral agreements.
The document also reveals that financing under multilateral agreements was estimated at $4.57 billion, with $2.13 billion coming from the Asian Development Bank, $1.37 billion from the World Bank Group, and $740 million from the Islamic Development Bank.
Moreover, $600 million was obtained through bilateral agreements in fiscal year 2025, including $100 million from China and $220 million from Saudi Arabia. Loans worth $4.29 billion were secured from foreign commercial banks.
The Ministry of Economic Affairs reported that $1.91 billion was borrowed under the New Pakistan Certificates scheme. However, bond issuance worth $1.5 billion did not take place in fiscal year 2024.
Sources indicate that in the current fiscal year, $12 billion in loan rollover from friendly countries is expected, with the central bank responsible for rolling over the UAE’s safe deposit.
