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Pakistan has received $49 billion in last 10 years

07 Aug

Pakistan has obtained foreign loans worth $49 billion during the last 10 years and over one-third were utilised for budgetary support instead of creating physical assets, hence raising questions of debt sustainability. 

On average, Pakistan received close to $5 billion in fresh loans every year and returned about $2.5 billion to its international creditors, adding the remaining amount to its debt stock.

Repayment amounts for the last couple of years have been increasing due to the $7.7-billion loan Islamabad obtained from the International Monetary Fund (IMF) in 2008.

http://tribune.com.pk/story/933617/foreign-loans-pakistan-has-received-49-billion-in-last-10-years/

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Posted by on August 7, 2015 in Uncategorized

 

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