The current government received $3.4 billion in foreign loans in the first three months

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ISLAMABAD, Pakistan: The federal government led by the Pakistan Muslim League-Nawaz (PML-N) received WE$ 3.4 billion foreign loans in its first three months, the National Assembly was told.

Responding to a question from MP Ali Gohar Khan asking for details of loans received by the current government from foreign countries so far, Economic Affairs Minister Sardar Ayaz Sadiq told the House in writing on August 13 that the current government had received a total of US dollars. 3.4 billion loans from April 11, 2022 to June 30, 2022.

The minister said Pakistan had received a total of $365.45 million in loans from foreign countries during the said period, including $59.35 million from China, $3.91 million from France, US$0.43 million from Germany, US$0.58 million from Japan, US$1.06 million from Korea, US$0.11 million from Kuwait, and US$300,000 million from Saudi Arabia.

He was further informed that from April 11, 2022 to June 30, 2022, $798.60 million in loans were contracted from multilateral institutions, including AfDB ($186.10 million), AIIB (2 .75 million dollars), ECO T/Bank (186.10 million dollars). 52.32 million), IBRD ($47.57 million), IDA ($346.99 million), IDB ($10.78 million), IDB (short term) ($120.00 million), IFAD ($7.09 million) and OPEC Fund ($25.00 million).

Similarly, $2,240.31 million in loans were received from commercial banks during the said period.

Here is the breakdown by donor of non-IMF foreign loans:

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