ISLAMABAD: Pakistan governments took foreign loans worth $25.59 billions inlast four years.
The Senate was informed on Friday that the country obtained US$25.59billion worth of loans from global lending institutions during a periodbetween July 2015 and July 2019.
The Ministry of Finance link informedthe upper house of parliament that of the total public debt, 11.79 billiondollars were obtained from international financial institutions while 13.80billion dollars from global commercial banks.
It said the country’s net foreign reserves stand at over 18.8 billiondollars.
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Last year in July, the Economic Affairs Division in a statementlinkhadsaid the net addition to external public debt during fiscal year 2018-19was only $2.29 billion, which is the lowest in the last three years.
The total external inflows during FY 2018-19 were $10.186 billion,including grants of $330 million, while external loans obtained by thegovernment during the year were $9.85 billion with the government makingpayment of $8.94 billion on account of retirement of external debt and debtservicing.
