In the first 9 months of the current financial year, Pakistan received $135.6 million in foreign grants, while foreign loans crossed a massive $5.5 billion (July to March). The total loan target for the full year is $19.39 billion.

The Finance Ministry revealed the following:

….$5 billion came from Saudi Arabia in time deposits.

    $4 billion came from China as safe deposits.

    $2.82 billion was taken from international financial institutions.

        Biggest chunk: $1.19 billion from Asian Development Bank.

        $720 million from the International Development Association (IDA)

        $260 million from International Bank for Reconstruction and Development (IBRD).

        $375.7 million short-term loan from Islamic Development Fund

        $148.5 million from Islamic Development Bank

Moreover, bilateral agreements brought in $358.5 million, with France giving the largest amount—$108 million; commercial banks provided $559.6 million; and the Naya Pakistan Certificate added another $1.45 billion in loans.

With such a detailed snapshot, this report not only reveals who’s funding Pakistan—but also raises questions about future repayment, economic stability, and where the borrowed money is being spent.