Pakistan budgets $23.38bn foreign assistance for FY27, including $12bn bilateral deposits

The federal government has budgeted foreign assistance of $23.378 billion, or Rs6.779 trillion at an exchange rate of Rs290 per dollar, for FY2026-27, compared with $19.922 billion budgeted for the outgoing fiscal year.

Budget documents show that the financing plan includes $12 billion in bilateral deposits from external sources. However, the documents do not specify how much of this amount is expected from China’s SAFE deposit or Saudi Arabia’s time deposit.

The government has also budgeted $4.866 billion from multilateral sources and $400.422 million from bilateral sources.

Foreign commercial bank borrowing has been projected at $2.3 billion, equivalent to Rs681.5 billion, compared with $3.1 billion budgeted for the outgoing fiscal year.

The government has estimated $530 million, or Rs153.7 billion, from the International Monetary Fund (IMF).

It has also projected $2 billion, or Rs580 billion, from international bonds, compared with Rs116 billion budgeted for the outgoing fiscal year, which was later revised to Rs280 billion.

Among multilateral lenders, the government has budgeted $1.680 billion from the Asian Development Bank, $1.434 billion from the International Development Association, $412 million from the International Bank for Reconstruction and Development, $1 billion from the Islamic Development Bank as short-term financing, $1.122 billion from Naya Pakistan Certificates and $86.337 million from the Asian Infrastructure Investment Bank.

The budget includes no allocation under the Saudi Fund for Development oil facility, compared with $1 billion budgeted for the outgoing fiscal year.

Country-wise bilateral estimates include $97.641 million from China, $50 million from Denmark, $47.182 million from Saudi Arabia, $29 million from Korea and $23.889 million from the United States.