Pakistan received $763.03 million in foreign economic assistance during July 2026, the opening month of fiscal year 2026-27.
According to the latest Economic Affairs Division report, bilateral and multilateral development partners contributed $272.43 million during the month. Meanwhile, foreign commercial borrowing through the Naya Pakistan Certificate scheme remained a major source of external financing.
The Islamic facility under the Naya Pakistan Certificate generated $246.67 million in July. It became the single-largest individual inflow recorded during the month.
Multilateral Assistance Reaches $252.83 Million
Foreign assistance from multilateral sources amounted to $252.83 million during July.
The International Development Association remained the largest multilateral contributor. It disbursed $130.65 million during the month.
The Asian Development Bank followed with $59.17 million in disbursements. Meanwhile, the International Bank for Reconstruction and Development provided $29.22 million.
The Islamic Development Bank’s short-term facility contributed another $22.71 million.
Other institutions also provided smaller amounts during the month. The Asian Infrastructure Investment Bank disbursed $6.57 million.
The Islamic Development Bank provided $1.75 million, while the International Fund for Agricultural Development contributed $2 million.
Meanwhile, the OPEC Fund added $0.76 million to Pakistan’s foreign assistance during July.
Germany Leads Bilateral Development Partners
Bilateral development partners contributed $19.60 million during the month.
Germany emerged as the largest bilateral donor, providing $9.94 million. Saudi Arabia followed with $7.42 million in assistance.
France contributed $1.30 million, while Japan provided $0.94 million during July.
Separately, China disbursed $146.62 million under a sovereign-guaranteed loan. The financing supported the Chashma Nuclear Power Plant-5 project.
The Chinese loan therefore represented a significant portion of Pakistan’s overall external financing during the month.
NPC Borrowing Totals $343.99 Million
Foreign commercial borrowing through the Naya Pakistan Certificate scheme reached $343.99 million in July.
The amount included $97.32 million through the conventional facility. Meanwhile, the Islamic facility generated $246.67 million.
The figures show that the Islamic NPC facility accounted for a larger share of borrowing during the month.
On a purpose-wise basis, non-project assistance reached $432.73 million in July. This included $343.99 million in budgetary support.
The IsDB short-term facility also contributed $22.71 million to non-project assistance. These figures highlight Pakistan’s continued reliance on programme-based external inflows.
Meanwhile, project-based disbursements stood at $330.30 million during the month.
Overall, Pakistan secured substantial external financing at the start of FY2026-27. Multilateral institutions, bilateral partners, Chinese financing, and NPC borrowing all contributed to the total.
However, the significant share of budgetary and programme-based assistance also highlights Pakistan’s continued dependence on external funding.
