Pakistan's external financing hits $939m in August

September 22, 2026 (MLN): Pakistan received $939.53mn in external financing in August 2026, taking cumulative inflows for the first two months of FY27 (July-August) to $1.70bn, the latest report by the Economic Affairs Division (EAD) showed.

Disbursements from bilateral and multilateral development partners totalled $353.76mn in August, taking the two-month total to $626.19mn, while a $300mn commercial loan from UBL Dubai was the single largest inflow of the month.

Foreign assistance through multilateral sources amounted to $338.13mn in August, lifting the FY27 cumulative total to $590.96mn.

Bilateral development partners contributed $15.62mn in August, with their two-month total reaching $35.23mn.

The Islamic Development Bank's short-term facility, IsDB (ST), was the leading multilateral donor in August, disbursing $168.55mn during the month and taking its FY27 cumulative total to $191.26mn.

The International Development Association (IDA) disbursed $107.84mn in August, lifting its FY27 cumulative total to $238.49mn. The Asian Development Bank (ADB) contributed $36.59mn during the month, bringing its cumulative total to $95.76mn.

The International Bank for Reconstruction and Development (IBRD) disbursed $18.32mn in August, taking its FY27 total to $47.54mn, while the Asian Infrastructure Investment Bank (AIIB) added $6.78mn, lifting its cumulative total to $13.35mn.

The International Fund for Agricultural Development (IFAD) contributed $0.05mn during the month, with its cumulative total reaching $2.05mn.

The Islamic Development Bank (IDB) and the OPEC Fund recorded no disbursements in August, with their cumulative totals unchanged at $1.75mn and $0.76mn, respectively.

Among bilateral donors, France disbursed $7.22mn in August, its FY27 cumulative total reaching $8.52mn.

Denmark contributed $3.15mn during the month, its full-year total also standing at $3.15mn, reflecting its first disbursement of the year.

Germany disbursed $2.92mn in August, lifting its cumulative total to $12.87mn, while Saudi Arabia added $1.48mn, with its cumulative disbursements rising to $8.90mn. Japan contributed $0.77mn, taking its total to $1.71mn, while the US disbursed $0.08mn during the month.

China's guaranteed bilateral loan recorded no fresh disbursement in August, holding steady at $146.62mn for the year.

Under commercial banks, UBL Dubai disbursed a $300mn loan in August, its first for the year, taking FY27 commercial bank inflows to $300mn.

Foreign commercial borrowing through the Naya Pakistan Certificate (NPC) scheme totalled $285.77mn in August, comprising $84.92mn under the conventional facility and $200.85mn under the Islamic facility, lifting the FY27 cumulative NPC total to $629.76mn.

On a purposewise basis, non-project aid in August amounted to $785.27mn, including $585.77mn in budgetary support and $168.55mn under the IsDB short-term facility, reflecting continued reliance on programme-based inflows for macroeconomic stabilisation.

Cumulatively, non-project disbursements for FY27 reached $1.22bn. Project-based disbursements stood at $154.26mn in August, with a cumulative total of $484.56mn for the year.

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