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Pakistan Received $4.1 Billion in Loans in First Half of Current Fiscal Year

Discussion in 'Pakistan Economy' started by SherDil, Jan 25, 2017.

  1. SherDil

    SherDil FULL MEMBER

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    Pakistan provisionally received $4.1 billion .i.e. 51 percent of budgeted estimates of foreign assistance from multilateral and bilateral donors in first half of the current financial year against $4.15 billion during the same period of last year.



    The Economic Affairs Division (EAD) data revealed that the good inflow in the current financial year is mainly because of over $900 million loans taken from commercial banks and issuance of Sukuk bonds of one billion dollars. The country received $978 million in the month of December including $929.17 million loans and $48.93 million grants.

    The government has budgeted foreign assistance of $7.998 billion for 2016-17 including grants and loans against $9.18 billion budgeted for 2015-16. The budgeted estimates include a significant amount of $2.005 billion from commercial banks for 2016-17.

    The latest figures show that the country provisionally received $3.35 billion in loans and $172.12 million grant in the current fiscal year.

    Pakistan received $847.96 million from China in the first half of the current fiscal year including $363.61 million in the month of December, surpassing the budgeted $572.3 million for the current financial year. The country has received $561 million during the same period of last year.

    Here’s how much Pakistan has received from various organizations and countries in this current financial year:

    • Asian Development Bank (ADB): $676.38 million which includes $474.35 million in the month of December against the budgeted estimates of $1048.2 million.
    • International Development Association (IDA): $72.27 million
    • IDB (S-Term): $212 million
    • USA: $40.52 million
    • International Bank for Reconstruction and Development (IBRD): $127.21 million
    • UNHCR: $0.49 million
    • IDB: $30.15 million
    • Japan: $42.8 million
    The government received no assistance from EU, France, Korea, Norway, Oman, Saudi Arabia, UNDP and Organization of the Petroleum Exporting Countries (OPEC) during the period under review.

    https://propakistani.pk/2017/01/25/...billion-loans-first-half-current-fiscal-year/
     
  2. SherDil

    SherDil FULL MEMBER

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    @Doordie Ye shair kuch zyada hi nae kha raha ?? :bad:
     
  3. NHUDA

    NHUDA FULL MEMBER

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    Although still high but better that a Billion $ less is planned to be borrowed in 2016-2017.

    Most importantly Anyone know How much of this Amount is used to debt servicing and Loan Re-payments .... Coz 8-10$ Dollars net ADDITION per annum to the Foreign Debt is huge !