The Ministry of Finance presented the documents, outlining the use of external borrowing and progress on nationally important projects financed through foreign loans.
According to the documents, $11.42 billion in foreign loans was allocated for balance-of-payments support and cash assistance, highlighting the government’s reliance on external financing to meet financial requirements.
The government also utilised $3.09 billion for energy projects and $1.69 billion for flood rehabilitation.
The documents revealed that 14 major national projects were being financed through external borrowing, including seven major projects under the Ministry of Energy. The total value of these 14 projects stands at $11.86 billion.
Among the major financing arrangements, the $3.38 billion Saudi Oil Facility programme and a $2 billion International Islamic Trade Finance Corporation (ITFC) oil and liquefied natural gas financing programme were supported through external borrowing.
Several energy and infrastructure projects are also receiving foreign financing. These include $247.6 million for the Jamshoro power project, $475 million for the Tarbela extension project, $225 million for the Dasu hydropower project and $93.22 million for the Mohmand Dam project.
The Transmission Modernisation Project is being financed through an external loan of $192.87 million. Other initiatives include the Sukkur-Multan Motorway and the Karachi Mobility Project.
The documents also listed a $1.5 billion Building Resilience programme among initiatives supported by external financing.
Additionally, foreign loans are being used for projects involving higher education, climate change and natural disaster management.
The disclosures highlight the extensive role of external borrowing in supporting Pakistan’s economic needs and development priorities. They also underline the importance of managing debt obligations while ensuring that foreign-financed projects deliver sustainable economic benefits.
