The government has borrowed $6.134 billion from multiple financing sourcesduring the first seven months (July-January) of 2022-23 compared to $12.022billion borrowed during the same period of last fiscal year.
The Economic Affairs Division data shows that the country borrowed $200million from foreign commercial banks during the first seven months of thecurrent fiscal year 2022-23.
The government procured $294.54 million in external loans in January 2023.The country received $466.35 million under the head of “Naya PakistanCertificate” during the first seven months of the current fiscal yearincluding $71.55 million in January 2023.
The government has budgeted foreign assistance of $22.817 billion for thecurrent fiscal year including $7.5 billion for foreign commercial banks.
The country received $3.463 billion from multilateral and $838.67 millionfrom bilateral and $1.166 billion from IMF from July-January 2022-23. Thenon-project aid was $5.145 billion including $4.277 billion for budgetarysupport and project aid was $989.26 million.
Read Top Stories
Asian Development Bank (ADB) disbursed $1.916 billion during the periodunder review compared to the budgeted $3.202 billion for the entire fiscalyear. ADB disbursed $11.41 million in January 2023.
China disbursed $54.93 million in during the first quarter against thegovernment budgeted estimates of $49.02 million for the current fiscalyear, however, no money was received in October, November, December, andJanuary. Saudi Arabia disbursed $690.11 million against the budgeted $800million. The USA disbursed $18.71 million during the period under reviewagainst the budgeted $32.49 million for the current fiscal year. Koreadisbursed $19.79 million and France $21.82 million during the first sevenmonths of the current fiscal year.
The IDA $684.16 million against the budgeted $1.4 billion, IBRD $96.55million against the budgeted $1.246 billion, and Islamic Development Bankdisbursed $16.81 million against the budgeted $3.38 million for the currentfinancial year. IsDB (Short-term) disbursed $161 million in the currentfiscal year. AIIB disbursed $538.46 million in the current fiscal year sofar.