Nawaz Sharif economic explosion: Pakistan receives $35 billion loans in last 4 years

30 Jul, 2017

ISLAMABAD: 

The claims of the economic explosion by the Nawaz Sharif led government have been exposed by the recent IMF reports.

PML-N government had obtained $35 billion in new loans during his four-year tenure to repay maturing debt and keep official foreign currency reserves at a level which could give a sense of economic stability to investors.

About $17 billion or nearly half of the total loans obtained from July 2013 to June 2017 were utilised to repay the previous debt, shows statistics maintained by the finance ministry. The government added net $18 billion to the country’s total external debt and liabilities – the highest amount added by any government during its tenure.