Ministry of Economic Affairs has clarified news circulating on media regarding the Financing received by Pakistan from July 2022 to April 2023.

In a statement issued by the Ministry, it said that in some sections of the press, it has been reported that Pakistan has received 8.1 billion dollars in financing during 10 months from July 2022 to April 2023.

It is elucidated that the total amount received by Pakistan till 30th April 2023 is 15.4 billion dollars, which additionally includes the rollover of friendly countries’ deposits amounting to 6.0 billion dollars that is 3.0 billion dollars each from China and Saudi Arabia, and re-financing of Chinese loan of 1.3 billion dollars, recorded as foreign currency denominated domestic debt.

The Government of Pakistan has financing arrangements in place to meet its re-payment obligations during the FY 23 and is expecting improvement in its foreign exchange reserve levels.