Tag Archives: Foreign Loans

Introduction An official report from Pakistan’s Ministry of Economic Affairs has confirmed a critical shortfall in the government’s foreign funding efforts. The report, published on Tuesday, revealed that the government managed to secure only $426 million from international lenders in July, falling far short of the $9 billion in debt rollovers required to maintain financial stability. Debt Rollovers and IMF …

Pakistan Secures $436 Million in Foreign Loans During July 2024 In July 2024, Pakistan secured $436.39 million in foreign loans from various financing sources. This amount represents a sharp decline compared to the $2.890 billion borrowed in the same month of the previous fiscal year (FY24). The Economic Affairs Division (EAD) recently released data detailing the sources and amounts of …

In a surprising move given Pakistan’s deteriorating fiscal condition and escalating public debt, the government has greenlighted 15 development projects amounting to a staggering Rs515 billion. This approval includes a significant $900 million foreign loan aimed at bolstering climate change efforts. The Central Development Working Party (CDWP), responsible for authorizing development projects, convened a meeting to review 18 proposals, ultimately …