Islamabad: The Economic Affairs Division has released a complete report regarding the loans taken by the current government in the current fiscal year.
According to the details, the burden of domestic and foreign loans on Pakistan is continuously increasing due to the financial crisis. The report by the Economic Affairs Division (EAD) states that Pakistan received a loan of $7.76 billion from July to March in the current fiscal year.
According to the report, during this period, the loan was $5 billion less than the previous fiscal year, in which Pakistan received a loan of $12.7 billion in the same period.
According to the EAD report, Pakistan received a loan of more than $4.2 billion from international financial institutions, and in March 2023, Pakistan received a loan of $358.7 million. The estimate for obtaining loans of more than $22 billion in the current fiscal year was made.
In addition, the Asian Development Bank provided Pakistan with a loan of $194 million from July to March in the current fiscal year, the World Bank provided a loan of more than $1.1 billion, and Pakistan received a loan of more than $116 million from the IMF.
Furthermore, Saudi Arabia provided Pakistan with a loan of more than $88 million, provided more than $78 million for oil facility, and provided $10 million in project financing.
The report stated that from July to March, commercial banks provided a loan of $90 million, and the new Pakistan certificate provided more than $61 million.
(Note: The amounts mentioned in the translation are in US dollars)
