National Blueprint · One of 195
A nation of 255.2 million on the Indus, which has drawn $4.8 billion from the IMF since 2024 and rebuilt its reserves to about $21.5 billion.
Perfect Nations values what Pakistan owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).
Pakistan at a glance
What we do for Pakistan
Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.
The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.
01Assets · The cup · Sovereign Assets
Each is owned today, earns today, and can carry Pakistan toward seven basic standards of living for every citizen.
255.2mCitizens, 2025
40 in every hundred live in towns and cities; the rest live on the land they farm and fish.
47.2%Of land in farms and pasture
The land that feeds the nation, and the first place a citizen dividend can be earned.
39.5%Live in towns and cities
Dense cities make every pipe, cable and clinic serve more people for each dollar spent.
226 m³Renewable fresh water per person
Below the scarcity line of 1,000 cubic metres: every drop must be stored, treated and reused.
28.3%Of energy from renewables, 2021
Sun, wind, water and biomass already carry part of the load; the rest is the opportunity.
02Capital · The laurels · Capital Architecture
Bonds, guarantees, swaps and loans that raise capital against what Pakistan owns, every line sourced.
Capital ArchitectureThe record in figures
Capital already committed
$1.75 billion, 5½ years, coupon 7.50% · $1.25 billion, 10 years, coupon 7.90% · Marked at the London Stock Exchange 29 September 2026
Investor demand of nearly $6 billion
A $3 billion sovereign Eurobond in two dollar tranches, which drew nearly $6 billion of investor demand, almost twice the amount issued. The London Stock Exchange marked the issuance on 29 September 2026.
Government of Pakistan
SourceIssued 15 May 2026 · 3 years, coupon 2.5% · Partial debt guarantee from AIIB, with ADB support
About $250 million (Ministry of Finance); about $258 million (AIIB)
Pakistan’s first sovereign panda bond, in renminbi, enabled by a partial debt guarantee from the Asian Infrastructure Investment Bank, with the Asian Development Bank also supporting it. Its proceeds are to support sustainable and climate-resilient infrastructure in water, energy and health.
Government of PakistanAsian Infrastructure Investment BankAsian Development Bank
SourceIssued 24 April 2026 · 3 years, coupon 6.975%, maturing 24 April 2029
Private placement
A three-year dollar bond placed privately with investors in April 2026. Eurobond repayments in fiscal year 2026 came to $1.8 billion.
Government of Pakistan
SourceApproved 30 October 2026 · Includes a $40 million investment component · 25 Karachi local councils and 20 other urban councils
Karachi property tax from about $8.5 million to a target of $85 million a year
Raises property tax collection in Karachi’s 25 local councils, home to 3.58 million people, and puts about 70% of it back into drainage, sewerage, schools, fire stations, roads and street lighting. Property surveys extend to 20 local councils in Sindh’s other cities. It pays for the water, shelter and education services that cities provide.
World Bank
SourceThird review completed 8 May 2026 · Fourth EFF and third RSF reviews agreed by staff 7 October 2026, subject to Executive Board approval
Disbursed to date; about $1.3 billion released in May 2026
A 37-month Extended Fund Facility approved 25 September 2024 and a 28-month Resilience and Sustainability Facility approved 9 May 2025. On Board approval of the reviews agreed in October 2026, about $1.0 billion under the EFF and about $210 million under the RSF become available, bringing disbursements to about $5.7 billion. Gross reserves rose to about $21.5 billion by end-September 2026.
International Monetary Fund
SourceApproved 9 July 2026 · First phase of the 10-year BEST-PAK programme
Compensators, reactors and capacitor banks at 29 substations
Installs compensators at three 500 kV substations and reactors and capacitor banks at 26 grid substations, bringing 640 MW of curtailed wind power onto the grid and avoiding about 832,500 tons of CO₂ a year. It serves the energy standard.
World Bank
SourceApproved 19 December 2025 · Federal $600 million · Sindh $100 million · Multiphase programme of up to $1.35 billion · Disbursed against results
Tax, public financial management, subsidies and statistics
Funds are released only when results are met: tax reform, a stronger financial management system with e-procurement, targeted subsidies and better national statistics. In Sindh it supports more equitable financing for primary health facilities and more funding for schools. It widens the fiscal room that pays for health and education.
World Bank
SourceApproved 11 December 2025 · 16 secondary cities
Water, sanitation and drainage for about 4.5 million people
Upgrades water supply, sewerage, wastewater treatment and stormwater drainage in 16 secondary cities of Punjab, and solid waste management for 2 million more people. It aims to lower child stunting and waterborne disease, and serves the water and shelter standards.
World Bank
SourceApproved 24 June 2025 · GRADES-Balochistan $100 million · Balochistan Water Security and Productivity Improvement $94 million
Schools and water
GRADES-Balochistan will benefit 250,000 students and support 5,000 teachers; the water project brings better basic water supply to 500,000 people in the Kachi Plain and Quetta. Together they serve the education and water standards in Pakistan’s largest province.
World Bank
SourceApproved 18 March 2025 · Co-financed by a $23 million Global Shield grant
Nearly 1.89 million people, more than 1 million of them women
Expands microcredit, including recovery loans, and sets up a Climate Risk Fund to protect microfinance borrowers against climate shocks. It reaches nearly 1.89 million people, more than 1 million of them women and over 350,000 young people, and serves the livelihood standard.
World Bank
SourceApproved 18 June 2026 · Policy-based loan
Insurance for farmers, women and vulnerable households
Supports insurance reforms and products for farmers, women and vulnerable households, including parametric insurance, and develops private pensions to mobilise long-term savings. It protects livelihoods against shocks.
Asian Development Bank
SourceApproved 12 December 2025 · Accelerating SOE Transformation Program, results-based loan $400 million · Sindh Coastal Resilience Sector Project $140 million, with a $20 million grant and a $20 million loan from the Green Climate Fund
150,000 hectares of farmland safeguarded in Badin, Sujawal and Thatta
The $400 million results-based loan supports reform of state-owned enterprises. The $140 million coastal project safeguards 150,000 hectares of farmland, restores 22,000 hectares of forest and improves the lives of more than 500,000 people, protecting food and livelihoods on the Sindh coast.
Asian Development BankGreen Climate Fund
SourceApproved 6 December 2025 · Mechanization $124 million · STEM secondary education $107 million, results-based · Nursing and health workforce $150 million
220,000 farm households; nursing centres in Lahore, Multan and Rawalpindi
Three projects in Punjab: climate-resilient, low-carbon farm mechanization for 220,000 rural households; a results-based programme for science, technology, engineering and mathematics in secondary schools; and nursing reform with three centres of excellence. They serve the food, education and health standards.
Asian Development Bank
SourceApproved 20 November 2025 · Ordinary capital $285 million · Concessional $45 million · National Grid Company of Pakistan
About 290 km of new transmission line
Builds a transmission line of about 290 km to carry up to 3,200 MW of clean power from hydropower plants. It serves the energy standard.
Asian Development Bank
SourceApproved 9 October 2025 · Sovereign financing · Treatment plant at Babu Sabu funded by AFD
Wastewater and drainage services in Lahore
Improves wastewater and drainage services in Lahore and eases urban flooding, alongside a wastewater treatment plant at Babu Sabu financed by the Agence Française de Développement. It serves the water and shelter standards.
Asian Infrastructure Investment Bank
SourceSigned 7 September 2026 · Grant · Larkana District
JPY 2,585 million
A Japanese grant to reduce the risk of dike breaches on the lower Indus in Larkana District, Sindh. It protects homes, farms and livelihoods from floods.
Japan International Cooperation Agency
SourceNew deposit of $3 billion received in fiscal year 2026 · Earlier deposit of $5 billion rolled over for three years
New deposit; $5 billion of earlier deposits rolled over
Saudi Arabia placed a new $3 billion deposit in fiscal year 2026 and rolled over its earlier $5 billion deposit for three years. The deposits support Pakistan’s foreign exchange reserves.
Saudi Arabia
SourceRolled over for one year in fiscal year 2026
Rolled over for one year
China rolled over $4.0 billion of bilateral deposits for one year in fiscal year 2026. With the Saudi deposits, they support Pakistan’s foreign exchange reserves.
China
SourceApproved by the IFC Board 27 May 2026 · Announced 20 August 2026 · Pakistan’s first diversified payment rights note
Up to $100 million from IFC
IFC’s investment in Pakistan’s first diversified payment rights note, a new source of long-term international funding for Pakistan’s banks. Longer funding lets banks lend to businesses and households.
IFC
SourceApproved 22 August 2025 · Senior loans of up to $300 million · Partial credit guarantee of $110 million for the Government of Balochistan’s equity · Loan documents to be finalised
Copper concentrate expected from late 2028
Asian Development Bank financing for the Reko Diq mine in Chagai, Balochistan, built and operated by Barrick, which owns 50%. The guarantee covers the equity of the Government of Balochistan, so the province can share in the earnings of its own minerals.
Asian Development Bank
SourceApproved 6 March 2024 · $25 million equity and $3 million grant · Total value $90 million · Agreement executed 14 November 2024
13.1 million people with increased resilience
A Green Climate Fund investment in an $80 million fund for climate adaptation in Pakistan, with a $10 million technical assistance envelope. It serves the food and livelihood standards for farmers facing climate risk.
Green Climate FundAcumen
Source
Hamza QureshiNation Steward of Pakistan · SI Researcher
Independent firms and social enterprises already at work in Pakistan, highlighted by Perfect Nations. None is a partner of Perfect Nations.
A Pakistani fertiliser maker. In December 2025 IFC announced a partial credit guarantee of up to PKR 33.6 billion (about $120 million) on a Standard Chartered Pakistan loan for plant maintenance and farmer programmes, IFC’s first local currency investment in Pakistan.
IFC, 2025A mortgage refinance company that helps lenders offer affordable home loans, with a focus on underserved regions. IFC agreed in 2020 to invest up to PKR 500 million (about $3.2 million) of equity, when Pakistan’s housing deficit stood at 10 million units.
IFC, 2020A developer of small rooftop and ground-mounted solar plants at commercial and industrial sites across Pakistan, with 27 projects and 25 MW installed by January 2024. GuarantCo, part of PIDG, guaranteed 75% of a PKR 1.5 billion Bank Alfalah loan to add about 10 MW more.
PIDG, 2024A non-profit network of schools across Pakistan, with 320,000 students enrolled in 2,261 school units. Its 16,500 faculty members are all women (2025 annual report of TCF Canada).
TCF Canada, 2025A countrywide network of 12 secondary and tertiary care hospitals and more than 100 primary care facilities, with Pakistan’s largest paediatric oncology unit. Its services are free of cost to patients (data as of January 2025).
Indus Hospital & Health Network, 2025A microfinance bank serving more than 800,000 clients through more than 400 branches and service centres. In August 2026 IFC lent it $10 million for four years to expand finance for women borrowers.
IFC, 202603Solutions · The seven stars · Perfect Capita
Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Pakistan in its own prices.
How Perfect Capita worksTap a star for its figure and source.
The price of Perfect Pakistan
To be set with Pakistan, from its own figures and in its own prices: Perfect Capita times the people of Pakistan, each year.
Perfect Nations estimate, to be confirmed with Pakistan. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures
Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group. Each figure links to its source.
Solution No. 25
A sukuk opens schools where most children are out of school, released as children read.
80%of Pakistani children could not read a simple text, 2019
Deep green with a white crescent and star, and a white band for every faith that shares the land. You have rebuilt your reserves under one of the IMF’s largest programmes.
“You rebuilt your reserves under the hardest conditions. Now build a reader in every Pakistani classroom.”
Work with us · The ReDesign Studio
One mission, three depths: the same four moves for Pakistan, taken as far toward market as you choose.
For the Government of Pakistan, its development partners and investors. Scope and fees are agreed in writing before any work begins.
Mandate 013 hours
A private session for the people who decide.
You leave withThe gap, named and sized
Mandate 023 days
Your team and ours, working the blueprint together.
You leave withThe structure, drawn
Mandate 03End to end
Led personally by the President and CEO.
You leave withA structure ready for market
Where Pakistanis and Co-designers design the nation they want to live in.
Writings
Up to 1,500 words on your vision of Perfect Pakistan, published with your name.
Submit your writingVoices of Perfect Nations Launching soon
Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Pakistan already own, and how could it pay for a decent life for every citizen?”
Co-designers
Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Pakistan.
Become a Co-designerThe Pakistan ReDesign Studio is open
Share your vision, suggest a guest, or write to us: every message receives a personal reply.
