Financing received by Pakistan from July 2022 to April 2023.

Government of Pakistan
Ministry of Economic Affairs
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Islamabad: 20th May, 2023

Press Release

Financing received by Pakistan from July 2022 to April 2023.

In some sections of the Press, it has been reported that Pakistan has received US$ 8.1 billion 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 US$ 15.4 bn, which additionally includes the rollover of friendly countries’ deposits amounting to US$ 6.0 bn (i.e. US$ 3.0 bn each from China and Saudi Arabia), and re-financing of Chinese loan of US$ 1.3 bn, 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. 
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