Over $4.96 billion foreign inflow received during fiscal year 2014

Pakistan has received foreign inflows of over $4.96 billion (about 84 per cent) in the current fiscal year 2013-14, out of the total budgeted foreign assistance of $5.74 billion from bilateral and multilateral donors, it is learnt. The amount does not include the three tranche releases amounting to $1.64 billion from IMF under the September 4, 2013 approved $6.64 billion Extended Fund Facility (EFF), about $722 million under the head of Coalition Support Fund (CSF) and $1.5 billion ''gifted'' by Saudi Arabia.
The government budgeted foreign assistance of $5.74 billion in 2013-14 including grants of $651.12 million and loans of $5.09 billion, and it received $4.96 billion in the first ten months against $2.274 billion during the same period of last fiscal year. Only in the month of April, the government received $2.647 billion including $1.998 billion through the issuance of Eurobonds against the budgeted estimates of $500 million. The government has also taken the loan of $322.50 million from the consortium of commercial banks during this period which was not budgeted in the budget for 2013-14.
Asian Development Bank (ADB) has disbursed about $422.97 million in the month of April while a total of $747.97 million has been disbursed in the current fiscal year against the budgeted $991.74 million. China was expected to be the largest single donor with a budgeted inflow of $1.365 billion; however the country has received about $307.97 million in the first ten months which is 22 per cent of the budgeted estimates.
International Development Association (IDA) was budgeted to disburse $960.61 million in the current year; however at the end of tenth month of the ongoing financial year the country received about $268.81 million.
IDB [S-Term] has released a total of $408.85 million (including $139 million in the month of April) in the current fiscal year against the budgeted $500 million. Japan disbursed $125.25 million during this period against the budgeted $325.83 million, International Bank for Reconstruction and Development (IBRD) released about $129.78 million against pledged $163.4 million, US disbursed about $82.47 million against pledged $212 million. The government has budgeted about $80 million from Australia, Canada, EU, Global Alliance for Vaccines and Immunisation (GAVI), Oman, Turkey and UNDP for the current fiscal year 2013-14; however no disbursements have been made under these heads so far, sources added.