PML N government took loans over $45 billions in its tenure, highest ever in history of Pakistan

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PML N government took loans over $45 billions in its tenure, highest ever in history of Pakistan

ISLAMABAD – PML N government took loans over $45 billion in its tenure which is highest ever in the history of Pakistan.

Foreign loans amounting to $45 billion were acquired from the International Monetary Fund (IMF), friendly countries, and foreign commercial banks during the government of the Pakistan Muslim League-Nawaz (PML-N).

The former government during its five-year tenure acquired more than $5 billion in loans from IMF, approximately $10 billion from foreign commercial banks, and more than $15 billion from other lenders.

The former PML-N government secured $7.17 billion from various countries under bilateral ties, raised $7 billion in loans from bond holders, and acquired more than six thousand billion rupees in loans from local sources.

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