Pakistan provisionally received $4.1 billion .i.e. 51 percent of budgeted estimates of foreign assistance from multilateral and bilateral donors in first half of the current financial year against $4.15 billion during the same period of last year.
The Economic Affairs Division (EAD) data revealed that the good inflow in the current financial year is mainly because of over $900 million loans taken from commercial banks and issuance of Sukuk bonds of one billion dollars. The country received $978 million in the month of December including $929.17 million loans and $48.93 million grants.
The government has budgeted foreign assistance of $7.998 billion for 2016-17 including grants and loans against $9.18 billion budgeted for 2015-16. The budgeted estimates include a significant amount of $2.005 billion from commercial banks for 2016-17.
The latest figures show that the country provisionally received $3.35 billion in loans and $172.12 million grant in the current fiscal year.
Pakistan received $847.96 million from China in the first half of the current fiscal year including $363.61 million in the month of December, surpassing the budgeted $572.3 million for the current financial year. The country has received $561 million during the same period of last year.
Here’s how much Pakistan has received from various organizations and countries in this current financial year:
The government received no assistance from EU, France, Korea, Norway, Oman, Saudi Arabia, UNDP and Organization of the Petroleum Exporting Countries (OPEC) during the period under review.