Pakistan: Government Borrowed $2.3 Billion In First Half Of FY2019
LAHORE MIRROR (Monitoring Desk)– The Pakistani government has borrowed $2.3 billion in the first half of the current fiscal year, the statistics released by the Economic Affairs Division show.
During the July-December period of fiscal year 2018-19, the government borrowed $836 million from China, and $500 million from commercial banks.
It also received $339 million in loans from the Asian Development Bank, and $272 million from the Islamic Development Bank.
During the same period in 2017, borrowing stood at $5.9 billion from external resources.