ISLAMABAD: The Economic Affairs Division rejected on Friday media reportsthat the country witnessed a 45 per cent increase in its foreign loans overthe last five months.
It tweeted: “Media reports regarding 45% inc[rease] in foreign loans in5-months period are completely incorrect & misleading.”
Explaining key facts, the Economic Affairs Division said the governmentreceived gross external inflows of US$4.5 billion during the first fivemonths of the current fiscal year (Jul-Nov, 2020).
During this period, it said the government paid back US$ 2.9 billion onaccount of external public debt and its servicing. “Thus, net inflow wasUS$1.6 bn,” it added.
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“During tenure of current Govt, total external inflow amounted to US$ 26.6bn which were primarily used for repayment of external public debt & itsservicing of US$ 23.4 bn. Thus, net inflow was US$ 3.2 bn.”
