Tag Archives: Govt obtains 34pc more foreign loans in FY21

ISLAMABAD: Despite healthy remittances and higher exports, Pakistan borrowed about $14.3 billion to build foreign exchange reserves in recently concluded fiscal year (FY21), 34 per cent higher than a year earlier. The Ministry of Economic Affairs reported on Monday that the government received $14.283bn foreign loans during the fiscal year 2020-21, compared to $10.66bn in 2019-20, showing an increase of …

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