Pakistan’s Foreign Borrowing Rises Sharply by $4.98 Billion in Current Fiscal Year

Islamabad: Pakistan’s external borrowing has increased by $4.98 billion in the current fiscal year, with the country receiving more than $11 billion in loans and grants during the first ten months, according to official data.

The report states that during the first ten months of fiscal year 2025–26, Pakistan obtained over $11 billion in combined loans and grants from various countries and international financial institutions.

This represents an increase of approximately 82 percent compared to the same period last year, when Pakistan received around $6 billion (approximately Rs 1,696 billion) in external financing.

According to official documents, in April 2026 alone, Pakistan received $4.47 billion in external funds. This figure does not include a separate $2.5 billion loan from the International Monetary Fund (IMF).

From July to April, the country received $8.31 billion in non-project aid and $2.75 billion in project-related assistance, along with $120 million in grants.

The report further notes that Saudi Arabia provided Pakistan with $1 billion worth of deferred-payment oil and also rolled over $3 billion in deposits.

Overall, Pakistan is estimated to borrow $19.39 billion during the fiscal year 2025–26.