Pakistan received $5.45 billion in foreign economic assistance during July–September (Q1) FY2026–27, with international bonds accounting for nearly $2.95 billion of the total, according to data shared by the Economic Affairs Division.
This translates to a 201 percent year-on-year increase compared with approximately $1.81 billion reported in Q1 FY26.
Data shows that total foreign economic assistance reached $5.449 billion during the quarter, equivalent to approximately Rs. 1.515 trillion.
The assistance included loans and grants received through bilateral and multilateral partners, commercial banks, international bondholders and the New Pakistan Certificates program.
International Bonds
International bondholders were the largest source of financing with $2.949 billion during the first quarter.
The New Pakistan Certificates program contributed another $942.71 million, while commercial banks provided $300 million.
Together, these three sources accounted for more than $4.19 billion in financing during July–September.
Other Lenders
Multilateral institutions disbursed approximately $894.17 million during the quarter, while bilateral partners provided around $58.10 million in the central government’s financing figures.
The International Development Association (IDA), part of the World Bank Group, provided approximately $359.04 million. The International Bank for Reconstruction and Development (IBRD) disbursed $83.79 million, while the Asian Development Bank provided $153.55 million.
Other multilateral financing included $26.05 million from the Asian Infrastructure Investment Bank, $28.27 million from the Islamic Development Bank, $238.44 million from the Islamic Development Bank’s short-term financing facility and $3.87 million from the International Fund for Agricultural Development.
Bilateral assistance included $20 million from France, $14.69 million from Germany, $12.87 million from Saudi Arabia, $5.02 million from South Korea and $2.26 million from Japan.
Separately, China provided $305.53 million in guaranteed bilateral financing during the quarter.
Non-Project Financing
Non-project financing accounted for the bulk of external assistance. It totaled approximately $4.542 billion, compared with $907.71 million allocated to projects.
Budgetary support amounted to $4.192 billion, while short-term Islamic Development Bank financing contributed $238.44 million. Program financing accounted for another $111.63 million.
In rupee terms, non-project financing totaled approximately Rs. 1.260 trillion, while project-related assistance amounted to around Rs. 254.80 billion.
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