Posted 2/24/2024, 1:33:20 AM
Pakistan Secures $9.2 Billion in Foreign Loans So Far This Fiscal Year, 36% of $17.6 Billion Target
- Pakistan received $6.3 billion in foreign loans in the first 7 months of the current fiscal year, about 36% of its $17.6 billion annual target
- Low inflows due to challenging global environment and Pakistan's poor credit rating
- Pakistan deferred $1.5 billion Eurobond launch due to high interest rates and low credit rating
- Total inflows including IMF and UAE support amounted to $9.2 billion in 7 months
- Bulk of loans were $4.5 billion for budgetary support and $1.8 billion for projects
