Pakistan received USD 12.106 billion in foreign assistance during the first eleven months of fiscal year 2025-26, a 75.68 percent increase from a year earlier, reflecting a sharp rise in external financing through bilateral and multilateral lenders as the country continued to rely on overseas funding to support its financing requirements. According to data released by the Economic Affairs Division (EAD), total foreign assistance during July 2025-May 2026 reached USD 12.106 billion, compared with USD 6.891 billion received during the corresponding period of the previous fiscal year.
Despite the strong cumulative performance, monthly inflows moderated in May. Foreign assistance amounted to USD 266.95 million during the month, down from USD 395.63 million recorded in April 2026. Bilateral loans and grants totalled USD 42.14 million in May. China provided USD 35.81 million in loans, France extended USD 3.78 million in loans, Japan contributed a USD 1.46 million grant, while Saudi Arabia provided a USD 0.79 million loan.
Multilateral institutions disbursed USD 224.82 million during the month. The International Development Association (IDA) accounted for USD 104.97 million, followed by the Asian Development Bank (ADB) with USD 56.06 million, the International Bank for Reconstruction and Development (IBRD) with USD 30.56 million, the Asian Infrastructure Investment Bank (AIIB) with USD 9.66 million, and the Islamic Development Bank (IDB) with USD 9.45 million.
For the eleven-month period, bilateral financing reached USD 1.318 billion, comprising USD 1.267 billion in loans and USD 50 million in grants. Multilateral assistance totalled USD 3.109 billion, including USD 3.025 billion in loans and USD 84.04 million in grants. Among bilateral grants, the largest contribution came from Japan with USD 1.46 million, alongside USD 10 million from the IDA, USD 0.15 million from the United States and USD 0.14 million from Germany.
Bilateral lending during July-May amounted to USD 1.266 billion. This included USD 392.82 million in Chinese guaranteed loans, an additional USD 97.52 million loan from China, USD 71.15 million from Denmark, USD 50.45 million from France and USD 1.011 billion from Saudi Arabia. Multilateral grants reached USD 84.04 million during the period. The IBRD contributed USD 42.85 million, the IDA USD 23.17 million, the International Fund for Agricultural Development (IFAD) USD 2.74 million, and the ADB USD 15.16 million.
Multilateral loans totalled USD 3.025 billion, with the IDA emerging as the largest lender at USD 1.129 billion. The ADB provided USD 803 million, while the Islamic Development Bank's short-term facility contributed USD 483.78 million. The IBRD extended USD 405.31 million, the AIIB USD 114.13 million, the IDB USD 65.59 million, and IFAD USD 22.75 million.
The EAD data also showed continued inflows under the Naya Pakistan Certificate (NPC) scheme. Foreign commercial borrowing through the programme amounted to USD 295.50 million in May, including USD 88.15 million under the conventional facility and USD 207.36 million through the Islamic facility. Cumulative inflows under the NPC scheme reached USD 2.664 billion during July-May FY2025-26, adding to Pakistan's overall external financing during the fiscal year.