Islamabad, Mar 20, 2025: Prime Minister Shehbaz Sharif is currently on an official visit to Saudi Arabia, where discussions are underway regarding the commencement of the Saudi Oil Facility.
This initiative is set to begin disbursing $100 million per month starting in March 2025, amounting to a total of $1.2 billion over a 12-month period, concluding in February 2026.
In terms of foreign inflows, the Pakistani government has secured $1 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF).
However, this amount is not included in the data shared by the Economic Affairs Division (EAD).
For the fiscal year 2024-25, Pakistan has estimated a total of $19.4 billion in foreign loans.
This includes $5 billion from Saudi Arabia and $4 billion from China.
To reach the target by June 2025, the government must secure an additional $4.4 billion over the next four months (March to June 2025).
According to EAD records, Pakistan has already received $2.49 billion from multilateral sources in the first eight months of the fiscal year, against a total projected inflow of $4.57 billion.
This shortfall underscores the urgency for increased disbursements in the remaining months. China remains the top lender with guaranteed loans totaling $306 million.
The Asian Development Bank (ADB) has provided $1.09 billion, while the Asian Infrastructure Investment Bank (AIIB) contributed $60.25 million.
Other contributions include $10.53 million from the European Investment Bank (EIB) and $860.3 million from the World Bank, under its International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) programs.
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The European Union (EU) has yet to release its allocated $4.76 million, while the International Fund for Agricultural Development (IFAD) has disbursed $36.93 million.
Additionally, the Islamic Development Bank has provided $148.26 million, along with a short-term commodity financing loan of $265.72 million.
The OPEC Fund and Standard Chartered Bank London have extended $3.34 million and $3.98 million, respectively.
From bilateral sources, Pakistan has received $334.96 million in the first eight months, out of a projected $471.72 million for the full fiscal year.
France has been the largest contributor with $103.23 million, followed by China at $99.17 million.
Other significant lenders include Germany ($26.81 million), Japan ($17.18 million), Korea ($11.76 million), Kuwait ($24.4 million), Saudi Arabia ($12.37 million), and the USA ($40.05 million).
Despite these inflows, the government has yet to launch any international bonds, although it initially planned to raise $1 billion.
Pakistan has so far secured $500 million out of the expected $3.779 billion in foreign commercial loans. Additionally, it has raised $1.3 billion through Naya Pakistan Certificates.
