ISLAMABAD: Over the past six months, Pakistan has amassed external debt amounting to 1,254 billion rupees. Official records indicate this figure is a 29% rise approximately 280 billion rupees compared to the same period last year. During this timeframe, the government also received a grant of 17.67 billion rupees between July and December.
Data shows that foreign financial assistance for July to December totaled 1,272 billion rupees. In addition, Pakistan secured around 450 million dollars in US currency, which is 904 million dollars higher than the same period in the previous fiscal year.
In the first half of the previous fiscal year, Pakistan received 360 million dollars in external aid. This amount does not include loans from the International Monetary Fund (IMF). During this period, non-project aid stood at 785 billion rupees, project-specific aid reached 487 billion rupees, and budget support amounted to 458.72 billion rupees.
The records also highlight significant support from Saudi Arabia, which provided a 170 billion rupees oil facility, and the Islamic Development Bank, which extended a loan of 137 billion rupees. Additionally, Pakistan received 487 billion rupees in project-specific aid.
For the current fiscal year, the government has targeted external borrowing of 4,505 billion rupees to meet its financial requirements.
