Pakistan received USD 2.29 billion in foreign support during the first four months of fiscal year 2025–26. The inflows covered the period from July to October and consisted of loans, grants, and investments under the Naya Pakistan Certificates. Fresh figures from the Economic Affairs Division show a notable rise in multilateral lending during this period. The data also highlights the composition of these inflows and the institutions involved.
Growing Share of Multilateral Grants
Pakistan secured USD 26.80 million in multilateral grants from July to October. The country received USD 5.27 million of this amount in October. The International Bank for Reconstruction and Development provided the highest contribution with USD 15.40 million. The International Development Association followed with USD 8.18 million, while the International Fund for Agricultural Development added USD 2.72 million. These grants played a key role in supporting development projects.
Multilateral Loans Drive Overall Inflows
Multilateral loan disbursements reached USD 1.11 billion in four months. The country received USD 169.5 million of this amount in October. The Islamic Development Bank offered a major share through a USD 361 million short-term facility and a USD 50 million long-term loan. These disbursements marked a strong reliance on multilateral lending.
Other major lenders included the International Development Association with USD 304 million. The International Bank for Reconstruction and Development disbursed USD 173.74 million. The Asian Development Bank provided USD 167.4 million, while the Asian Infrastructure Investment Bank issued USD 41.35 million. The International Fund for Agricultural Development added USD 10 million to the loan inflows. These contributions reflect a broad network of financial partnerships.
Bilateral Grants Continue to Support Development Needs
Pakistan also received USD 23.76 million in bilateral grants during the same period. The country received USD 4.12 million of this amount in October. China contributed USD 9.75 million, making it the largest bilateral donor in these four months. Japan followed with USD 9.69 million, while Germany added USD 3.56 million. These grants supported key development priorities.
Changing Trends in Foreign Support
The data shows an increase in reliance on multilateral loans. Grants formed a smaller share of total inflows. Investments under the Naya Pakistan Certificates also contributed to the overall amount. These inflows will influence budget planning and debt management. The trend may shape future policy decisions.
Pakistan’s foreign support profile continues to evolve. The rising weight of multilateral loans signals shifting financial dynamics. This shift is likely to affect long-term economic strategies.
