Friday, May 24, 2024

Pakistan Received $12 Billion+ Loans in 8 Months

In the first eight months of fiscal year 2021-22 (July-February), the government borrowed $12.178 billion from a number of sources, compared to a total budgeted external loan of $14.088 billion for the entire fiscal year.

According to official documents, the government received $154.47 million in February 2022 from various funding sources.

Furtger, External inflows totaled $7.208 billion in fiscal year 2020-21 over the same period (July-February), including $3.11 billion from foreign commercial banks, compared to a targeted sum of $12.233 billion.

Additionally, the total receipt of $12.178 billion is made up of $3.477 billion from multilateral sources, $203.68 million from bilateral sources, $2.623 billion from foreign commercial banks, $2.041 billion through bond issuance, and a $3 billion time deposit from Saudi Arabia.

Non-project aid totaled $9.916 billion, including $8.411 billion for budgetary support and $1.730 billion for project aid. During the first eight months of 2021-22, guaranteed loans totaled $531.01 million.

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