ISLAMABAD: Pakistan authorities have materialised only $12.5 billion in foreign loans in the first nine months of 2024-25 against an annual $19.2bn target by June 30.

While half of this portfolio was legacy rollovers from China, Saudi Arabia and the United Arab Emirates — fresh loans and grant inflows amounted to $5.51bn in nine months, almost 20pc lower than the comparable period of last fiscal year.

In its monthly report on Foreign Economic Assistance (FEA) released on Monday, the Economic Affairs Division (EAD) said that against its annual target of $19.4bn, total FEA in July-March amounted to $5.51bn compared to $6.9bn in the same period last year with the annual target of $17.6bn.

This does not include about $1bn disbursed by the IMF in October as upfront payment under the $7bn ongoing Extended Fund Facility (EFF) that is accounted........

© Dawn Business