Islamabad (Commerce Desk): Pakistan has received a total of over $10.1 billion in foreign loans and rollovers of existing debt during the first seven months (July–January) of the current fiscal year. However, the State Bank of Pakistan has not yet issued an official statement regarding the $2 billion rollover from the United Arab Emirates.
According to data from the Ministry of Economic Affairs, the federal government secured $5.1 billion in new loans during July–January, while approximately $5 billion came from repayment extensions or rollovers of existing loans from Saudi Arabia, China, and the IMF.
The total foreign loans and rollover amount reached $10.1 billion, which is $1.4 billion lower compared to the same period last fiscal year. The lower receipts are largely attributed to the uncertain status of the UAE’s $2 billion loan, which was initially due in January and again this month, but the State Bank of Pakistan has not announced any extension.
Earlier, in December, the State Bank of Pakistan confirmed that Saudi Arabia extended a $3 billion deposit for one year, part of ongoing assistance since 2021. Similarly, China extended a $1 billion cash deposit for one year, and the IMF released a $1 billion tranche.
The government and central bank have projected total foreign inflows of over $25 billion for the current fiscal year, including new loans and rollovers of existing debt.
