$16.2 billion in foreign financing left Pakistan $3.72 billion short of its 2025-26 fiscal-year target, underscoring another gap between official plans and actual inflows.
$6.39 billion came from multilateral lenders including the Asian Development Bank, World Bank and Islamic Development Bank, while Saudi Arabia provided more than $1 billion largely through an oil facility.
$1.9 billion in commercial borrowing missed the government's $3 billion goal, signaling continued caution among global lenders toward Pakistan's economy.
$1 billion raised through a Eurobond and Panda Bond, plus more than $3 billion from Naya Pakistan Certificates, showed investor appetite where financing terms were clearer.
The shortfall highlights Pakistan's continued reliance on external support and the need for deeper tax, state-enterprise and policy reforms to reduce recurring financing gaps.