ISLAMABAD: Out of total received disbursements of $3.935 billion from all multilateral and bilateral donors, China has become the largest bilateral donor of Pakistan by providing $847.96 million during the first half (July-Dec) of the current financial year, it is learnt.
The government also continues borrowing from consortium of commercial banks during the first six months of the current fiscal year as the Finance Ministry raised $900 million in July-Dec period of financial year 2016-17.
In recent years consequent upon $51 billion China Pakistan Economic Corridor (CPEC), Beijing has turned into largest bilateral donor and investment-pouring country into Pakistan as they started providing funding to execute multi billion dollars projects related to energy and infrastructure in the country.