ISLAMABAD – Pakistan’s foreign borrowings and assistances havesignificantly reduced under the PTI government.
Pakistan has borrowed $1.584 billion of the budgeted estimates of foreignassistance in the first four months (July-October) of the current financialyear, against $2.45 billion during the same period last year (2017-18),showing a reduction of about 36 percent.
The latest data of Economic Affairs Division (EAD) shows that the PML-Ngovernment had estimated foreign assistance of $9.69 billion for 2018-19including $394.34 million in grants and $9.297 billion in loans.
The country received $11.486 billion against the budgeted assistance of$8.094 billion for 2017-18 including $3.716 billion from foreign commercialbanks.
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According to the latest figures, the country provisionally received $410.34million including $402.69 million in loans and $7.64 million in grants inOctober.
