Pakistan’s foreign debt hits highest level of history
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*ISLAMABAD: Pakistan’s foreign debt has reached to 88.199 billion US dollars, the Senate was informed on Thursday.*
Federal Ministry of Finance produced the figures of foreign debt during the question hour in senate session today.
The country borrowed US$26.19 billion in past six financial years apart of US$7.32 billion interest, which enhanced the overall foreign debt in past six years to US$33.50, the ministry said in its written reply of the question.
Pakistan borrowed US$6.90897 billion in fiscal year 2013-14, US$5.40721 billion in fiscal year 2014-15 and US$4.45020 billion in financial year 2015-16, the finance ministry said in its answer.
Pakistan’s borrowing from foreign sources remained 6.520381 billion US dollars in fiscal year 2016-17, while in year 2017-18 the country borrowed US$6.020526 billion from foreign sources, the ministry added.
The country has borrowed US$4.550154 billion in the ongoing fiscal year till now, the finance ministry informed the Senate in its reply.
