The government received a total of $2.877 billion external assistance during the first five months (July-November) of the current fiscal year 2017-18, revealed Economic Affairs Division (EAD).
The government has budgeted 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 $396 million of foreign assistance in November 2017.
China disbursed $455.25 million in the current fiscal year (July-November) 2017-18 against the budgeted $1.595 billion for the entire year.
China released $38.04 million in November and that is for the Havelian-Thakot motorway under the China Pakistan Economic Corridor (CPEC) framework.
- Asian Development Bank (ADB) disbursed $221.88 million in the current fiscal year 2017-18 so far including $61.34 million in November against the budgeted estimates of $1.221 billion,
- International Bank for Reconstruction and Development (IBRD) $69.88 million against the estimated $60.65 million,
- IDB(S-Term) $660.31 million including $175.96 million in November against the estimated $1.550 billion,
- Asian Infrastructure Investment Bank (AIIB) $7.86 million,
- International Development Association (IDA) $106.65 million against $975.27 million,
- Islamic Development Bank (IDB) $55.25 million,
- Japan $33.17 million,
- Saudi Arabia $22.50 million,
- UK released $89.44 million of grant,
- USA released $25.96 million in the current fiscal year 2017-18 against the budgeted estimates of $117.56 million.
The country procured $1.092 billion commercial loans from foreign banks in the current fiscal year (July-November) 2017-18.
The government procured $70.37 million from Standard Chartered Bank (SCB) London in November.
The government procured $500 million commercial loans from Industrial and Commercial Bank of China Limited (ICBC) in October.
Further $50 million were procured from the Credit Suisse-led consortium of banks, bringing the total to $255 million from the consortium. The consortium consists of Credit Suisse AG, United Bank Limited and Allied Bank Limited.
The country procured $267 million commercial loans from Citibank during the current fiscal year for budgetary support.
The government budgeted $2.05 billion for 2016-17 but by the end of the year had borrowed $4.367 billion from foreign commercial banks.
The government has received no assistance from EU, Italy, Korea, Norway, and UNDP during the first five months of the current fiscal year 2017-18.
