Pakistan received $1.70 billion in external loans during the first two months of the current fiscal year, up 23.60 percent compared to $1.37 billion received during the same period last fiscal year, according to the Economic Affairs Division’s monthly report.
The country received external loans equivalent to Rs476 billion during July-August, compared to Rs391 billion in the corresponding period of the previous fiscal year.
Of the total amount, $484.5 million was obtained for various projects, while $1.21 billion was secured under non-project financing.
International financial institutions provided more than $590 million in loans during the first two months. The Islamic Development Bank provided $191.2 million, the World Bank $238.4 million and the Asian Development Bank $95.7 million.
Pakistan also received $35.2 million from various countries, including $12.8 million from Germany and $8.9 million in financial assistance from Saudi Arabia.
The report said $629.7 million was obtained under the Naya Pakistan Certificate programme, while $300 million was borrowed from foreign commercial banks.
