ISLAMABAD: The federal government of Pakistan borrowed Rs215 billion during July, the first month of the ongoing financial year, according to official documents.
The documents show that the government received Rs210 billion in loans and Rs5 billion in grants during the month. Of the total amount, around Rs120 billion was obtained through budgetary support and short-term financing, while approximately Rs95 billion was received for project funding, according to the Ministry of Economic Affairs.
Pakistan also secured a total of $763 million in foreign loans in July, marking an increase of $68.5 million compared with the same month last year.
However, receipts from bilateral and multilateral loans declined during the month, while funds raised through Naya Pakistan Certificates recorded a significant increase.
The government raised $343.99 million through Naya Pakistan Certificates in July, compared with $196.22 million during July of the previous financial year. This represents an increase of around $148 million year-on-year.
Among bilateral partners, Germany provided $9.94 million, while Saudi Arabia contributed $7.4 million during July.
Pakistan received a combined $252.83 million from multilateral financial institutions during the month.
The Asian Development Bank released $59.17 million, while the Asian Infrastructure Investment Bank provided $6.57 million.
The World Bank and its affiliated institutions provided the largest share of multilateral funding, amounting to $130 million. Pakistan also received $29.22 million under the International Bank for Reconstruction and Development.
The Islamic Development Bank provided $1.75 million, while an additional $22.71 million was received under short-term financing.
The International Fund for Agricultural Development provided $2 million, while the OPEC Fund contributed $0.76 million to Pakistan during July.
