Islamabad: The federal government has made an initial estimate of 23 billion dollars for external financing to meet the financial needs for the next financial year 2024-25.
In the next financial year, about 12 billion dollars of debt will be rolled over from friendly countries, of which 5 billion dollars will be rolled over from Saudi Arabia, 3 billion dollars from UAE and 4 billion dollars from China.
Sources in the Ministry of Finance say that the estimate of further new financing from China will also be included in the budget of the next financial year. Sources say that Pakistan will receive more than one billion dollars from the IMF under the loan program, while new financing from the World Bank and the Asian Development Bank is also included in the budget estimate.
According to sources in the Ministry of Finance, new loan program agreements will be made with financial institutions.
