Islamabad: Minister for Economic Affairs Sardar Ayaz Sadiq briefed on the grants & loans Pakistan received through international financial institutions after they pledged at the Geneva donors conference 2023 (held in January). Sardar Ayaz Sadiq said that Pakistan has received $10.33 billion. In terms of breakage, $10.953 billion were accepted as loans while $550.4 million as grants. Note that confirmation of $73.1 million is still awaited.
In his written reply to the National Assembly, Minister for Economic Affairs Sardar Ayaz Sadiq provided a complete breakdown of pledges made by international lenders & governments at the Geneva donors conference. According to the reply, the institutions that provided financial help to Pakistan & its details are:
- World Bank: Provided $ 8,943.94 million out of $ 8,962.72 million. A grant of $18.78 million and $ 2,199.94 million as a loan.
- Asian Development Bank: $1,544 million out of $1,557.28 million as loan and $13.28 million grant
- Asian Infrastructure Investment: Entire amount of $1,000 million.
- Islamic Development Bank: Entire amount of $ 4,200 million.
- United Nations: Entire amount of $5.5 million.
Countries that Provided Financial Assistance After Geneva Donors Conference 2023
Sardar Ayaz Sadiq said that the coalition government of Pakistan Muslim League-Nawaz has received $1,386.1 million out of $1,917.7 million. He added that various countries sent $ 531.64 million as grants. The details of the countries and their financial assistance are:
- Australia: $6.6 million grant.
- France: $360 million out of $370 million as loan & $10 million grant.
- European Union: $94.35 million as a grant.
- USA: $100 million grant.
- United Kingdom: $11.67 million grant
- Denmark: $3.79 million grant
- Italy: $21.7 million loan out of $24.9 million & $3.2 million grant.
- Germany: $91.1 million grant.
- Saudi Arabia: $1,000 million loan
- Japan: $4.4 million loan out of $77 million & $72.6 million as a grant.
- Norway: $18.12 million grant.
- Canada: $18.2 million as a grant.
- Azerbaijan: $2 million as a grant.
Pakistan will also receive loans of:
- $48 million from South Korea
- $25 million from Qatar
- $0.1 million from Vietnam
