Pakistan received $694.53 million in foreign assistance during the first month of fiscal year 2026 (FY26), nearly 59% up from $436.4 million received in the same period last year, according to data from the Economic Affairs Division (EAD). The amount includes bilateral and multilateral loans and grants, as well as investments in Naya Pakistan Certificates.
However, IMF support under the Extended Fund Facility (EFF) is not included in EAD or Finance Ministry records.
The country has a target of $19.7 billion in foreign loans and grants by the end of FY26. The World Bank led multilateral disbursements, providing $157.69 million through IDA project loans and $52.56 million via IBRD financing. Saudi Arabia contributed $100 million under the Saudi Oil Facility (SOF), which is expected to continue through April 2026 under the current arrangement.
Bilateral grants during July totalled $7.53 million, including $6 million from China. Bilateral loan disbursements reached $110.90 million, bringing combined bilateral support for the month to $118.43 million. The FY26 budget allocates $84.21 million for bilateral grants and $1.36 billion for bilateral loans.
Multilateral grants disbursed in July amounted to $379.88 million, with $11.33 million in pure grant funding. Multilateral loans accounted for $368.55 million, with major lenders including the IDA ($156.24 million), Islamic Development Bank ($131.20 million), IBRD ($42.91 million), and Asian Development Bank ($33.22 million).
Combined bilateral and multilateral grants totalled $18.86 million, while loan disbursements reached $479.45 million, making a total of $498.31 million. The FY26 budget estimates multilateral grants at $63.72 million and loans at $5 billion.
Investment in Naya Pakistan Certificates contributed $196.22 million in July, against a full-year budget estimate of $609 million.
The government also expects to receive $410 million from the International Monetary Fund (IMF) in FY26 through the Resilience Sustainability Facility (RSF), part of a $1.4 billion climate finance programme spanning 28 months. These funds are recorded in the accounts of the EAD and Ministry of Finance.
