Tag Archives: Govt obtains 63pc more foreign loans in 11MFY21

KARACHI: Pakistan borrowed over $12 billion during the 11 months of the current fiscal year (11MFY21) – an increase of about 63 per cent compared to the same period in FY20 – reflecting the growing need for foreign exchange despite record remittances and higher exports. During July-May FY21, the government borrowed $12.13bn compared to $7.44bn in the same period in …

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