In FY 2021-22, Pakistan accumulated a foreign debt of around $16.9 billion from various financing sources, compared to a total projected external loan of $14.088 billion.
According to data from the Economic Affairs Division (EAD), the nation received $3.434 billion in finance from various sources in June 2022, including $2.240 billion borrowed from foreign commercial banks.
For fiscal year 2021-22, the government planned $14.088 billion in foreign aid, consisting of $13.871 billion in loans and $217.44 million in grants from multilateral and bilateral sources.
External inflows were $14.282 billion for the fiscal year 2020-21, including $4.721 billion from foreign commercial banks, compared to the planned amount of $12.233 billion.
The overall reception of $16.974 billion is made up of $4.828 billion from multilateral, $708.08 billion from bilateral, $4.863 billion from foreign commercial banks, $2.041 billion from bond issuance, and a $3 billion deposit from Saudi Arabia.
Non-project assistance was $13.220 billion, including $11.861 billion for budgetary support, while project assistance totaled $2.221 billion. Furthermore, the guaranteed loans for fiscal years 2021-22 totaled $1.532 billion.
The overall reception of $16.974 billion is comprised of $4.828 billion from multilateral, $708.08 billion from bilateral, $4.863 billion from foreign commercial banks, $2.041 billion from bond issuance, and a $3 billion deposit from Saudi Arabia.
Non-project assistance was $13.220 billion, including $11.861 billion for budgetary support, while project assistance totaled $2.221 billion. Furthermore, the guaranteed loans for fiscal years 2021-22 totaled $1.532 billion.
Borrowing by the private sector has reached an all-time high of Rs. 1.4 trillion.
During the fiscal years 2021-22, the government borrowed $4.863 billion from foreign commercial banks, including $1.140 billion from Dubai Bank, $487.26 million from Standard Chartered Bank (SCB) London, $61 million from Ajman Bank PJSC, $343.50 million from Suisse AG, United Bank Limited (UBL), and Allied Bank Limited (ABL), $591.25 million from Emirates NBD, $52.32 million from ECO.T/Bank, and $2.240 billion from China Development (received in June).
The Asian Development Bank provided $1.625 billion versus the projected $1.479 billion, the World Bank disbursed $1.579 billion versus the budgeted $2.366 billion, the Asian Infrastructure Investment Bank (AIIB) $41.62 million, the Islamic Development Bank (IDB) $78.98 million, and the IDB (S-Term) $1.327 billion.
China spent $162.60 million in FY 2021-22, compared to the budgeted $69.66 million; the United States spent $69.82 million; Korea spent $5.51 million; the United Kingdom spent $16.01 million; and Germany spent $16.68 million; and Saudi Arabia spent $401.09 million, including $100 million in June for oil product imports.
