Pakistan received $695 million in foreign loans in July

Pakistan has secured $694.53 million in foreign loans during July, the opening month of the fiscal year 2025-26, according to data released by the Economic Affairs Division (EAD).

The borrowing includes $379.88 million from multilateral sources, $118.43 million from bilateral partners, and $196.22 million through the Naya Pakistan Certificate.

Among bilateral lenders, China disbursed $6 million, France $8.50 million, Germany $2.02 million, Japan $0.81 million, South Korea $0.60 million, and Kuwait $0.30 million. The Saudi Fund for Development (SFD) contributed $100 million under its oil facility.

The United States provided a $0.19 million grant under the "US-Need Based Merit Scholarships for Pakistani University Students Programme (Phase-II)", aimed at supporting higher education opportunities for deserving students in Pakistan.

Multilateral disbursements included $33.45 million from the Asian Development Bank (ADB), $1.99 million from the Asian Infrastructure Investment Bank (AIIB), $52.56 million from the International Bank for Reconstruction and Development (IBRD), $158 million from the International Development Association (IDA), $3 million from the International Fund for Agricultural Development (IFAD), and $131.20 million from the Islamic Development Bank (IsDB).

The federal government has set a foreign borrowing target of $19.92 billion for the fiscal year 2025-26.