Pakistan received $12.14 billion in external funding during the fiscal year 2024-25, according to a detailed report released by the Ministry of Economic Affairs.
The figure rises to $14.14 billion when including two tranches from the International Monetary Fund (IMF) worth over $2 billion.
Despite the inflows, the total remains significantly below the federal government’s target of $19.39 billion for the year. The data also reveals that the country secured $11.92 billion in foreign loans and $220 million in grants during the same period.
A major chunk of the external financing — $5.25 billion — arrived in June 2025, helping Pakistan meet crucial end-of-year financial obligations.
Interestingly, the report clarifies that the published figures do not include $9 billion in rollovers and deposits from friendly nations. These excluded deposits include $5 billion from Saudi Arabia and $4 billion from China, which were part of previous safe deposit arrangements but are not reflected in the official external funding figures.
In comparison, Pakistan received $9.81 billion in external funding during the fiscal year 2023-24, indicating a moderate increase year-over-year — largely driven by emergency IMF disbursements and last-minute June inflows.