Addressing analysts at the SBP, Governor Jameel Ahmad outlined Pakistan’s debt obligations for the ongoing fiscal year, citing a total of $20.4 billion in debt repayments and $3.9 billion in …
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foreign loans
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EconomyLatest Updates
Pakistan’s Q1 FY24 External Borrowing Surpasses $3.5 Billion
by Hamza Irshadby Hamza IrshadISLAMABAD: In the first quarter of fiscal year 2023-24 (FY24), Pakistan actively obtained foreign loans totaling $3.527 billion, marking a substantial increase from the $2.234 billion borrowed during the corresponding …
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Economy
$10 billion loans of Pakistan to be rolled over in FY24, Energy prices to go up further: IMF Report
by Hamza Irshadby Hamza IrshadLoans of Pakistan ISLAMABAD: The International Monetary Fund said that in the fiscal year, about $10 billion in existing foreign loans of Pakistan will be rolled over. Additionally, Pakistan will …
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Economy
US is helping pakistan to deal with economic crisis: US Ambassador
by Hamza Irshadby Hamza IrshadUS is helping Pakistan to deal with economic crisis: US Ambassador ISLAMABAD: US Ambassador to Pakistan said that the United States is helping Pakistan to deal with the economic crisis. …
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EconomyLatest Updates
Foreign loans of low, middle-income nations surged to $8.7 trillion in 2020: World Bank
by Hamza Irshadby Hamza IrshadISLAMABAD: The combined external debt stocks of low-and middle-income countries rose to $8.7 trillion at end-2020, driven by an increase in long-term debt.The total external debt stock of low- and …
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EconomyExclusiveLatest Updates
Pakistan’s first loan of $27.2 million and first grant: A debt analysis of Pakistan from 1947-2022
by Umar Sohailby Umar SohailISLAMABAD: On March 27, 1952, Pakistan signed the first-ever loan of US$27.2 million with the International Bank for Reconstruction and Development (IBRD). The loan was obtained for rehabilitation and development …
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EconomyLatest Updates
Pakistan paid $15 billion foreign debt in 2021-22, 12% more than 2020-21
by Umar Sohailby Umar SohailDuring 3 years and nine months tenure, the PTI govt paid $44.87bn as principal amount of loans and interest. Whereas, in five years tenure of PML (N) principal and interest …
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Pakistan took out a record amount of foreign loans of nearly $20 billion in the last fiscal year, an increase of 27%. These loans were mostly used to pay off …
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EconomyLatest Updates
PTI-PML(N) got $101.71 Billion foreign loans in nine years, $63 billion returned
by Umar Sohailby Umar SohailForeign exchange reserves with the State Bank of Pakistan have dropped to around $10.5 billion, barely equal to six weeks imports, due to repayment of loans and a wide gap …
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EconomyLatest Updates
PTI govt obtained $49.23 billion foreign loans in its 45-month tenure
by Umar Sohailby Umar SohailThe report showed the PTI government’s heavy reliance on foreign loans to finance the rising current account deficit and maintain foreign exchange reserves needed to finance higher imports and earlier …
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