Pakistan's external borrowing stands at $436m in Jul

News Image

MG News | August 27, 2024 at 12:22 PM GMT+05:00

0:00

August 27, 2024 (MLN): The country secured external financing worth $436.39 million in July 2024 from multiple financing sources, the latest monthly report by the Economic Affairs Division (EAD) showed.

The government has budgeted $19.393 billion for the fiscal year 2024-25.

In the previous fiscal year that ended June 2024, Pakistan fell significantly short of its budget estimates of $17.62bn, securing just $9.81bn.

During July, of the $436.39, a sum of $425.92m was in the form of loans and the remaining $10.47m in grants from various sources.

Out of the total financing amount, the government obtained a $128.93m loan for non-project aid, which was in the form of program/budgetary support assistance to restructure Pakistan's economy.

The Ministry of Economic Affairs noted that the country continued to depend on foreign commercial borrowing as it amounted to $127.7m in July. This was obtained through Naya Pakistan Certificate.

Going into details made available by EAD, the disbursement from bilateral and multilateral development partners maintained a strong trend as it totaled $308.69m.

During the review period, the foreign assistance obtained by Pakistan through multilateral sources totaled nearly $201.01m.

The total financing through bilateral development partners stood at $107.68m.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 154,439.68
241.10M
-1.09%
-1701.56
ALLSHR 94,668.16
984.91M
-0.80%
-765.63
KSE30 47,119.91
93.25M
-1.26%
-600.63
KMI30 226,125.72
147.15M
-1.17%
-2674.34
KMIALLSHR 63,569.05
456.03M
-0.92%
-592.28
BKTi 41,622.83
56.72M
-1.28%
-538.80
OGTi 31,488.79
10.15M
-1.08%
-344.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,850.00 117,320.00
114,850.00
1920.00
1.67%
BRENT CRUDE 66.88 68.17
65.71
0.51
0.77%
RICHARDS BAY COAL MONTHLY 84.00 84.00
84.00
-1.90
-2.21%
ROTTERDAM COAL MONTHLY 93.00 93.25
92.75
0.00
0.00%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.60 63.98
61.69
0.23
0.37%
SUGAR #11 WORLD 15.81 15.87
15.67
-0.01
-0.06%

Chart of the Day


Latest News
September 14, 2025 at 07:11 AM GMT+05:00

Weekly Market Roundup


September 13, 2025 at 08:42 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


September 13, 2025 at 05:13 PM GMT+05:00

Wheat prices break past official ceilings



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg