ISLAMABAD (Mudassar Ali Rana) - The government has borrowed $11 billion during the first 10 months (July to April) of the current fiscal year, according to official documents.
The data shows a sharp 83% increase compared to the same period last year, when borrowing stood at $6 billion. The total external financing target for the current fiscal year is estimated at $19.39 billion.
According to the Economic Affairs Division, $4.5 billion was received in April alone, and additional borrowing is expected in May and June.
The report states that $8.31 billion was received under non-project aid and $2.75 billion under project aid during the July–April period, along with $120 million in grants.
In local currency terms, the government has received over Rs3,103 billion so far this fiscal year, compared to $570 million in external financing during the same period last year.
The IMF package, estimated at over $2.5 billion, is reported separately from these figures.
Among key inflows, Saudi Arabia provided deferred oil payment facilities worth $1 billion, while the Islamic Development Bank extended $480 million in loans. Around $218 million in grants were received in April.
The report further notes that Pakistan also relies on rollover arrangements, including $9 billion in deposits from Saudi Arabia and China, of which $3 billion from Saudi Arabia has already been rolled over. The UAE also reportedly received repayment of $3 billion during April.
Multilateral lenders including the Asian Development Bank, World Bank Group, and Islamic Development Bank are expected to contribute significant financing under both project and program loans during the fiscal year.