Pakistan Secures Over $5 Billion Foreign Loans In 7 Months Of FY26

Pakistan secured about $5.17 billion in foreign loans during the first seven months of the current fiscal year, according to data released by the Economic Affairs Division.

The inflows, recorded between July and January of FY26, were higher than the $4.584 billion received during the same period of the previous fiscal year. The government released the data after a delay, likely due to ongoing review discussions with the International Monetary Fund.

According to the data, bilateral lenders disbursed about $931.88 million during the period. Saudi Arabia emerged as the largest bilateral contributor, providing $708 million, including $700 million under an oil facility on deferred payments. Other bilateral disbursements included $72.28 million from China, $71.15 million from Denmark, $26.73 million from France, $15.53 million from Japan, $9.49 million from South Korea, $22.06 million from Kuwait and $0.49 million from the United States.

Multilateral lenders disbursed around $2.126 billion during the same period. The World Bank provided $608 million under the International Development Association and $259 million through the International Bank for Reconstruction and Development. The Asian Development Bank disbursed $624.59 million, while the Asian Infrastructure Investment Bank provided $72.95 million. Additional funding included $483.78 million in short-term financing from the Islamic Development Bank.

Pakistan also obtained $144.42 million in commercial loans from Standard Chartered Bank in London.

The IMF disbursed $209 million during the period under the first installment of the Resilience and Sustainability Facility. However, the $1 billion tranche released under the ongoing IMF programme was not included in the EAD data because balance-of-payments support is recorded on the balance sheet of the State Bank of Pakistan. Including that tranche would take the total foreign loan disbursement to more than $6 billion.

Separately, Pakistan raised about $1.488 billion through conventional and Islamic Naya Pakistan Certificates during the same period.

The official data also does not include around $12 billion in loan rollovers provided by friendly countries, including Saudi Arabia, China and the United Arab Emirates.

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