Pakistan secures over $1bn external financing in May 2026

June 18, 2026 (MLN): Pakistan secured $1.03bn in external financing in May 2026, bringing the cumulative 11MFY26 (July–May) total to $12.11bn, the latest monthly report by the Economic Affairs Division (EAD) showed.

Disbursements from bilateral and multilateral development partners totaled $266.95m in May and $4.43bn during 10MFY26.

Foreign assistance through multilateral sources amounted to $224.82m in May and $3.11bn cumulatively in 11MFY26.

Bilateral development partners contributed $42.14m in May and $1.32bn for the 11-month period.

The Asian Development Bank (ADB) remained the second leading multilateral donor, disbursed $56.08m in May and bringing its cumulative Jul–May total to $818.36m.

The International Development Association (IDA) lead by contributing $114.96m in May, with its eleven-month cumulative disbursements rising to $1.15bn.

The International Bank for Reconstruction and Development (IBRD) disbursed $30.56m in May, lifting its cumulative total to $448.16m, largely in support of power sector and urban development projects.

The Asian Infrastructure Investment Bank (AIIB) contributed $9.66m in May, bringing its 11MFY26 cumulative total to $114.13m.

Among bilateral donors, Saudi Arabia, disbursed $0.79m in May with its cumulative eleven-month total reaching $1.01bn.

China disbursed $35.81m in May  comprising both guaranteed loans and non-guaranteed bilateral flows  bringing its combined 11MFY26 total to $108.09m under non-guaranteed flows alone, with guaranteed Chinese loans adding a further $392.82m cumulatively.

Japan contributed $1.46m in May, with its cumulative Jul–May total at $26.69m. Germany disbursed $0.14m in May, bringing its eleven-month total to $12.73m.

Foreign commercial borrowing through the Naya Pakistan Certificate (NPC) scheme totalled $295.50m in May comprising $88.15m under the conventional facility and $207.36m under the Islamic facility  lifting the cumulative 11MFY26 NPC total to $2.66bn.

The IMF disbursed $211.27m in May, bringing cumulative disbursements to $420.78m for the eleven-month period.

Bond-related inflows stood at $255.81m in May, raising the eleven-month total to $1.00bn.

On a purposewise basis, non-project aid in May amounted to $795.20m, including $762.58m in budgetary support, reflecting continued reliance on programme-based inflows for macroeconomic stabilisation.

Cumulatively, non-project disbursements for July–May reached $9.11bn. Project-based disbursements stood at $234.34m in May, with a cumulative total of $2.999bn for the eleven-month period.

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