Pakistan received a total of $2.29 billion in foreign assistance during the first four months (July–October) of fiscal year 2025–26, including bilateral and multilateral loans and grants, as well as investments in Naya Pakistan Certificates (NPCs).
According to data released by the Economic Affairs Division, multilateral grants amounted to $26.80 million during this period, with $5.27 million received in October alone.
The highest grant inflows came from the World Bank’s IBRD ($15.40 million), IDA ($8.18 million), and IFAD ($2.72 million).
In July–October, Pakistan received $1.11 billion in multilateral loans, including $169.5 million in October.
During this period, the Islamic Development Bank provided $361 million in short-term financing and $50 million in long-term financing.
Funds released included $304 million by IDA, $173.74 million by IBRD, $167.4 million by ADB, $41.35 million by AIIB, and $10 million from IFAD.
Total multilateral disbursements in October stood at $169.5 million.
Pakistan also received $23.76 million in bilateral grants, $4.12 million of which came in October.
The largest bilateral grants came from China ($9.75 million), Japan ($9.69 million), and Germany ($3.56 million).
Bilateral loans amounted to $449.90 million during July–October, with the largest portion—$400 million—received under the Saudi Oil Facility.
Additional loan inflows included $9.75 million from China, $15.61 million from France, $6.69 million from Japan, $6.55 million from South Korea, and $3.56 million from Germany.
In total, both sources contributed $50.56 million in grants, while loans reached $1.78 billion.
For FY2025–26, the budget estimates $63.72 million in multilateral grants and $5.04 billion in multilateral loans.
Investments in Naya Pakistan Certificates during the first four months amounted to $541.57 million, against a full-year estimate of $734 million.
To maintain stability in foreign exchange reserves, Pakistan currently holds $9 billion in term deposits, including $5 billion from Saudi Arabia and $4 billion from China in the form of safe deposits.
