Pakistan gets $20bn in external assistance
• Surpasses target for FY25 in first eleven months
• Includes $6.89bn in fresh inflows; rest are rollovers from China, Saudi Arabia and UAE
ISLAMABAD: Pakistan secured nearly $20bn in foreign loans and grants during the first 11 months (July-May) of 2024-25, surpassing the annual target of $19.2bn set for the fiscal year ending June 30.
Almost half of this amount comprised legacy rollovers from China, Saudi Arabia, and the United Arab Emirates, while fresh loans and grant inflows totalled $6.89bn — about 9pc lower than the same period last fiscal year.
According to the Economic Affairs Division’s (EAD) monthly report on Foreign Economic Assistance (FEA) released on Friday, the total FEA during July-May stood at $6.89bn, compared to $7.55bn in the corresponding period........
© Dawn Business
