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, but almost 46pc lower than $944m in the same month of last year.
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. These inflows do not include $1.2bn disbursed by the IMF early this month and would be accounted for later.
MoF reports Pakistan receives over $3.03bn, including grants
The target for total foreign inflows for current year has been set at $19.9bn compared to $19.4bn last year.
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.
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. Source: dawn.com/news
