Pakistan’s external borrowing jumps 83% to $11 billion in 10 months

Pakistan secured nearly $11 billion in external loans and financing during July 2025-April 2026, up 83% from nearly $6 billion received in the same period last year, according to Economic Affairs Division (EAD) data.

The government has projected total external financing of $19.39 billion for FY2025-26, with further borrowing expected during May and June.

According to the EAD, Pakistan received $4.5 billion in April alone, compared to $570 million in April of the previous fiscal year, marking a nearly sevenfold increase in monthly inflows.

The data showed Pakistan received around $5 billion more in loans than the previous year during the July-April period.

In local currency terms, the government secured ₨3.103 trillion in external financing during the current fiscal year.

The figures exclude financing received from the International Monetary Fund (IMF), which exceeded $2.5 billion separately.

Out of the total borrowing, non-project assistance amounted to $8.31 billion, while project financing stood at $2.756 billion.

Budgetary support accounted for $4.586 billion of the non-project assistance.

Saudi Arabia provided Pakistan with a $1 billion oil facility on deferred payment arrangements, while the Islamic Development Bank extended financing worth $480 million.

Pakistan also received grants amounting to $120 million during the July-April period, including $21.8 million received in April alone.