Pakistan government needs at least 9 billion in FY 2018-19 to run the country

LAHORE – The government of Pakistan Tehreek-e-Insaf (PTI) needs loans over$9 billion in FY 2018-19 to run the country.

PTI government recently has taken fresh loan amounting to $764 million.

According to details, during July-October fresh borrowing stood around$1.584 billion while during July- August borrowing stood around $820million.

New government has borrowed $232 million from China, $329 million fromcommercial banks and $72 million from Islamic Development Bank.

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In fiscal year 2019 (FY-19) government expects to borrow nearly $9.691billion.