The coalition government is hoping to raise around $10-$11 billion in revenue during the current fiscal year, following the announcement of a staff-level agreement with the International Monetary Fund (IMF).
The reactivation of the International Monetary Fund (IMF) program will not only infuse $1.17 billion into the economy but will also pave the way for a Letter of Comfort (LoC) from the IMF, and the revival of lending programmes from the World Bank (WB), Asian Development Bank (ADB) and the Islamic Development Bank (IDB).
The ADB has announced that it will provide $1.5-$2.5 billion to Pakistan by December. The WB provides an annual amount of $2-$2.5 billion to the country for development projects. Similarly, the annual amount received from IDB is expected to be around $1-$2 billion.
Pakistan is expecting to receive a rollover of $4 billion from China by December 2022, as well as rollovers from the United Arab Emirates and Saudi Arabia. If all goes as planned, the government could generate funds of over $14 billion for the current fiscal year.
The government also issues Euro Bonds and Sukuks in the international market each year to raise funds which will further increase the funds.
