Islamabad May 21 2023: Pakistan has received USD 15.4 billion in financing during 10 months from July, 2022 to April, 2023, Ministry of Finance reported yesterday.
This additionally includes the rollover of friendly countries deposits amounting to USD 6.0 billion (i.e., USD 3.0 bn each from China and Saudi Arabia), and the re-financing of Chinese loan of USD 1.3 billion which has been recorded as foreign currency denominated domestic debt. The Government of Pakistan has financing arrangements in place to meet its re-payment loan obligations during the CFY (2022-23) and is expecting improvement in its foreign exchange reserve levels.
IMF has provided assistance of USD 1,166 million in the first ten months of fiscal year 2023.
Under multilateral arrangement, Pakistan has received ~USD 2.0 billion from ADB, USD 1.2 billion from IDA, USD 550 million from AIIB, USD 161 million from IsDB and USD 277 million from others. In Bilateral flows of USD 1,244 million Saudi Arabia has disbured USD 982 million under oil facility.Pakistan has received USD 900 million from Commercial banks and USD 677 million under Naya Pakistan Certificates.
State Bank of Pakistan (SBP) foreign exchange reserves for the week ending May 12, 2023 stand at the level of USD 4,312 million compared to USD 4,383 million at the end of the week ending 7th May 2023.