ISLAMABAD – Pakistan government has made plans for $20 billions funds fromexternal sources for bridging the financial gap.
The government will arrange $20 billion from external sources to bridge thefinancial gap and to build the reserves for 2019, Pakistan informedInternational Monterey fund (IMF), Pakistan Today has reported.
Sources said that the government has evolved a comprehensive strategy tomeet the financing needs of the country. The government will issue thediaspora, sukuk and euro bonds, besides getting loans from bilateral andmultilateral organizations to meet the financial gap.
Sources said that the finance ministry has estimated that China will givearound $1 billion while Saudi Arabia and the Islamic Development Bank (IDB)will provide $4 billion. In addition, Asian Development Bank (ADB) andWorld Bank would provide around $1.2 billion loans and $700 million throughbonds.
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Sources said that the government will also make commercial borrowing aswell as arrange finance from friendly countries.
