Details of Pakistan’s external financing in FY2024-25 revealed

Islamabad: The details of the external financing received by Pakistan so far this fiscal year have been revealed.

The Economic Affairs Division released a report on external financing, which states that Pakistan received $1.72 billion in the first four months of the fiscal year.

According to the documents, a total of $19.39 billion is estimated to be received from foreign countries this fiscal year, while only 8.88 percent of the annual target was received from July to October. Pakistan received $1 billion from the International Monetary Fund (IMF) in four months in addition to this.

According to the documents of the Economic Affairs Division, a total of $2.72 billion was received from external financial assistance from July to October. Pakistan received $259.8 million from different countries during this period, while other international financial institutions provided Pakistan with more than $720 million.

Pakistan also took a commercial loan of $200 million from July to October, while $542.1 million was invested in the Naya Pakistan Certificate during the four months.

According to the documents, Chinese and Saudi deposits worth $9 billion are likely to be extended in the current fiscal year, including deposits of $5 billion from Saudi Arabia and $4 billion from China.