The federal government borrowed $185.61 million external loans in the firstmonth of the current fiscal year (FY23), shows Economic Affairs data.
Pakistan received $78.04 million from multilateral agreements, while$107.56 million was obtained from bilateral agreements during July 2022.
For FY23, the government has budgeted foreign assistance of $22.8 billion.This also includes $7.5 billion from foreign commercial banks.
China disbursed no money in July, however, the government has budgetedestimates of $49.02 million for the current fiscal year. Saudi Arabiadisbursed $100 million against the budgeted $800 million. The US disbursed$6.01 million in July against the budgeted 32.49 million for the currentfiscal year.
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The Asian Development Bank (ADB) disbursed $7.36 million in July out of$3.202 billion budgeted for the current fiscal year.
The International Development Association (IDA) disbursed $59.14 millionagainst the budgeted $1.4 billion, International Bank for Reconstructionand Development (IBRD) disbursed $6.56 million against the budgeted $1.23billion, in the first month of the current fiscal year and the IslamicDevelopment Bank disbursed $4.99 million against the budgeted $3.38 millionfor the current fiscal year.
