Pakistan secured $4.51 billion in foreign financial assistance during the first half of the fiscal year 2025–26, showing a 20 percent increase compared to the same period last year. The figures were shared by the Economic Affairs Division in its latest report.
In December 2025 alone, Pakistan received $1.47 billion in loans and grants from bilateral and multilateral sources.
This was a sharp rise from $511.49 million received in November, reflecting improved inflows toward the end of the year.
From July to December FY26, bilateral loans and grants totaled $1.07 billion, while multilateral loans and grants reached $1.97 billion.
Bilateral grants stood at $31.68 million. Japan was the largest contributor with $11.86 million, followed by China with $10.57 million and Saudi Arabia with $3.31 million.
Bilateral loans during the first half of the fiscal year amounted to $1.04 billion. This included $600 million from Saudi Arabia under an oil facility, $255.6 million from China, and $71.15 million from Denmark.
On the multilateral side, Pakistan received $28.95 million in grants, with the International Bank for Reconstruction and Development providing $15.4 million.
Multilateral loans totaled $1.97 billion, led by the International Development Association at $580.77 million, followed by the Asian Development Bank with $549.24 million.
For the full fiscal year, the government expects $147.93 million in grants and $6.4 billion in loans.
Additionally, $1.2 billion was raised through Naya Pakistan Certificates. To support foreign exchange reserves, Pakistan also holds $9 billion in term deposits from Saudi Arabia and China.