Pakistan is facing major setbacks in obtaining outside funding since the International Monetary Fund (IMF) is yet to approve a $7 billion rescue plan.
Due to this delay, money from other nations and international financial organizations has been moving more slowly, which has caused a shortfall in external financial support in the first month of the current fiscal year.
Pakistan received $436.3 million in foreign financial aid in July, which is barely 2.2% of the $19.21 billion objective for this fiscal year, according to official statistics from the Economic Affairs Division. In sharp contrast, Pakistan was able to get $2.89 billion in external loans during the same period last year.
