ISLAMABAD: The country has been given $3.78 billion as foreign economic assistance during July to March of the current financial year, which covers the 51 per cent of total aid given to Pakistan this year.
However, the country has received fewer amounts as the federal government had estimated to get $7.4 billion during present fiscal year from international financial institutions and countries.
The break-up of $3.78 billion showed that Pakistan had received $1 billion by auctioning the Sukuk bond in November last year. Furthermore, the Islamic Development Bank (IDB) had disbursed $987 million to Islamabad during July-March of FY2015, which is more than the annual projection of $580 million.
China had provided $565 million to Pakistan as economic assistance out of the overall commitment of $1.5 billion. The Asian Development Bank (ADB) had disbursed $364 million, which is 33 percent of the Bank’s overall disbursement of $1.092 billion to be disbursed this year.
Meanwhile, Saudi Arabia had disbursed $18 million to Islamabad as against their annual projection of $171 million. The UK provides $244 million against the annual estimate of $246 million. According to the documents of Economic Affairs Division, the US gave only $77 million against the annual estimate of $358 million.
