PTI government returned back record foreign loans in first year

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PTI government returned back record foreign loans in first year

ISLAMABAD - PTI government returned back record foreign loans in first year, senior leader has claimed.

Pakistan Tehrik e Insaf (PTI) led federal government has retired record foreign loans worth $9.5 billion during its first year in power.

Minister of State for Revenue, Hammad Azhar, made this revelation in National Assembly on Friday.

On the point of personal explanation, Hammad rubbished opposition’s claim that the government obtained domestic loans Rs. 7000 billion or Rs. 10,000 billion during its first year. He said it was a completely wrong and highly exaggerated statement. ------------------------------

He explained that unlike opposition’s claim, the country’s foreign loans rose by $2.7 billion as compared to last year of Pakistan Muslim League-Nawaz (PML-N) government when foreign debts increased by over $7 billion.

He said that the government had already shared the debt profile in the house which carries details of all debts taken.

Azhar went on to highlight the fact that during the last ten years, Pakistan’s total debt and liabilities had risen from Rs. 6100 billion to Rs. 31000 billion.