Pakistan foreign borrowing registers significant decline under PTI government
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ISLAMABAD – Pakistan Foreign borrowing have registered significant decline under the PTI government.
Federal government foreign borrowing has dropped by 33 percent during July-September period as compared to the previous year.
According to Economic Affairs Division the government has borrowed a total of US$1 billion from external avenues during the first quarter of current fiscal year (FY19), while borrowing in corresponding period of last year was recorded at $1.5 billion.
The government borrowed around $225 million in September 2018, alone.
As per the data released, the government has borrowed nearly $300 million from China while Commercial Banks have lent a sum of $240 million through the quarter.
