Around six percent increase YoY: Country received $8.47 billion foreign aid in July-March: EAD

The country received $8.470 billion foreign assistance during July-March (2018-19) against $7.991 billion during the same period of last fiscal year registering around 6 percent increase. Total foreign loans incurred by the Khan administration do not include loans from friendly countries - $ 3 billion each from Saudi Arabia and United Arab Emirates (with one billion dollar yet to be disbursed).
The Economic Affairs Division (EAD) Friday released "Status Report July-March 2018-19", which shows that the country received $3.107 billion from foreign commercial banks during the first nine months of the current fiscal year compared to $1.722 billion during the same period of last year. However, the previous government had also issued bonds of $2.5 billion last fiscal year.
China Development Bank disbursed $2.234 billion, Industrial and Commercial Bank of China (ICBC) $300 million, the Suisse AG, UBL and ABL consortium $295 million, Dubai Bank 184.44 million, Ajman Bank $74.04 million and Noor Bank $20 million during the current fiscal year (July-March).
Further China safe deposit stood at $2 billion in the current fiscal year 2018-19.
Multilaterals disbursed $1.192 billion during the first nine months of the current fiscal year including Asian Development Bank (ADB) 390.89 million, IDB (S-Term) 506.43 million, International Development Association (IDA) $165.95 million, Asian Infrastructure Investment Bank (AIIB) $15.66 million, IBRD $42.39 million, Islamic Development Bank (IDB) $5.95 million and ECO Bank $39.80 million.
The country received $2.17 million from bilaterals including China 1.884 million, U.K $80.40 million, USA $59.03 million, France $46.93 million, Saudi Arabia $19.40 million, Germany $14.50 million and Japan $61.30 million.
According to the EAD report, the country received $8.261 billion in loans and $208.8 million grants. Further $4.809 billion was received against balance of payment/cash, $955.87 million short term and $2.650 million for project aid.
Undisbursed balance of foreign assistance commitment as of March 31, 2019 stood at $ 21.707 billion including $11.230 billion against multilaterals, $9.936 billion against bilaterals and $539.67 million commercial loans from foreign banks.