pakistan
Foreign funding to Pakistan rises 83% YoY basis, official data shows
Key takeaways
- The rise in foreign financing was supported by both bilateral and multilateral inflows, as well as deferred payment arrangements and rollovers of existing deposits.
- The ministry reported that total external financial inflows for the period included $8.31 billion in non-project financing and $2.7566 billion in project financing.
- In addition, Pakistan received $120 million in grants over the same period, compared with $570 million recorded in the corresponding period last year.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Pakistan has recorded a significant increase in foreign funding during the current financial year, with official data showing a sharp rise in external inflows compared with the previous year.
According to the Ministry of Economic Affairs, the country secured $11 billion in external loans between July and April, marking an increase of around 83% compared with $6 billion received during the same period last year.
The rise in foreign financing was supported by both bilateral and multilateral inflows, as well as deferred payment arrangements and rollovers of existing deposits.
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