Pakistan Received $5.9 Billion in Loans & Grants During the Past 6 Months

Pakistan government received a budget assistance of $5.895 billion from multilateral and bilateral donors in the first half (July-December) of the current fiscal year 2017-18, according to Economic Affairs Division (EAD).

The government has budgeted a foreign assistance of $8.094 billion for 2017-18, including $7.692 billion loans and $401.78 million grants. The country received a total of $2.976 billion of foreign assistance in December.

China disbursed a total of $506.92 million in the current fiscal year (July-December) 2017-18 against the budgeted $1.595 billion for the entire year.

China released $51.68 million in December alone, including $44.78 million for the Havelian-Thakot motorway and $6.89 million for construction of cross border optical fiber cable system under the China Pakistan Economic Corridor (CPEC) framework.

Asian Development Bank (ADB) disbursed $444.10 million in the current fiscal year 2017-18 so far, including $221.86 million in December against the budgeted estimates of $1.221 billion.

Other donors include:

• International Bank for Reconstruction and Development (IBRD) released $86.66 million including $16.78 million in December against the estimated $60.65 million.
• IDB(S-Term) $695.21 million against the estimated $1.550 billion.
• Asian Infrastructure Investment Bank (AIIB) $14.71 million.
• International Development Association (IDA) $132.26 million against $975.27 million.
• Islamic Development Bank (IDB) $55.38 million.
• Japan $67.70 million.
• Saudi Arabia $22.50 million.
• UK released $105.51 million as grants.
• USA released $30.85 million including $4.89 million in December against $117.56 million.

The government has received no assistance from Italy, Korea, Norway, and UNDP during the first half (July-December) of the current fiscal year 2017-18.

The government has procured $71.6 million commercial loans from foreign banks in December.