$1 billion loan so far in 2018-19: Top 10 lending countries to Pakistan

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$1 billion loan so far in 2018-19: Top 10 lending countries to Pakistan

ISLAMABAD: Pakistan has received loan worth $822 million in the first five months of FY 2018-19 from friendly countries.

$684 million in loans from China were received during the first five months (July-November) of the current fiscal year 2018-19.

China remained the leading lender that has given $684 million in loans to Pakistan from July to November 2018.

On the other hand, France has provided $36 million loans as well as grant, similarly, Germany $4.99 million, Japan $20.19 million, Saudia Arabia $16.50 million and $3.11 million from Kuwait in first five months.

Besides this, UK, USA and Canada have given $62.48 million, $30.19 million and $0.14 million grant to Pakistan in the above stated period.

Overall, Pakistan has borrowed $822.09 million on a bilateral basis from the above-mentioned countries.

Economy