Pakistan Secures Over $3 Billion in Foreign Assistance in First Five Months of FY26

December 24, 2025 —

Pakistan has crossed the USD 3 billion mark in foreign assistance in the first five months of fiscal year 2025-26, according to figures released by the Economic Affairs Division (EAD). This includes bilateral and multilateral loans and grants, as well as investments in Naya Pakistan Certificates.

During July-November 2025-26, bilateral assistance amounted to USD 164 million, while multilateral assistance reached USD 150.48 million. Total bilateral loans and grants in this period stood at USD 807.64 million, and multilateral loans and grants amounted to USD 1.26 billion.

Among bilateral grants, China contributed USD 10 million, Japan USD 10.56 million, and Saudi Arabia USD 2.20 million. Major bilateral loans included Chinese-guaranteed loans of USD 119.77 million, Denmark USD 71.15 million, Germany USD 15.09 million, and a USD 500 million loan from Saudi Arabia under the oil facility.

Multilateral grants totaled USD 26.98 million, with the IBRD providing USD 15.40 million, IDA USD 8.18 million, and IFAD USD 2.72 million. Multilateral loans included USD 383 million from the Islamic Development Bank, USD 343.15 million from IDA, USD 242 million from the Asian Development Bank, USD 181.84 million from IBRD, USD 50 million from IsDB, and USD 16.36 million from IFAD.

Disbursements against Naya Pakistan Certificates during the five-month period amounted to USD 965.92 million. To maintain comfortable foreign exchange reserves, Pakistan held USD 9 billion in term deposits, including USD 5 billion from Saudi Arabia and USD 4 billion from China.

The IMF lending facility under the Extended Fund Facility (EFF) is not reflected in EAD or Ministry of Finance accounts, as it is recorded on the State Bank of Pakistan’s balance sheet as balance of payment support.