Pakistan secures $5.688 bn external loans

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January 21, 2021
ISLAMABAD: While officially confirming to have received $1 billion from China as safe deposits after paying back to Saudi Arabia, Pakistan has received a total $5.688 billion external loans during the first six months (July-Dec) of the current fiscal year 2020-21.
However, this time Islamabad managed lesser amount of $5.915 billion than the same period of the last fiscal. It indicates that Pakistan received $227 million less in the first six months of the current fiscal compared to the same period of the last financial year.
According to official figures of the Economic Affairs Division (EAD), during July-December of fiscal year 2020-21, the government received $5,688 million total external inflows from multiple financing sources, which are 46 percent of annual budget estimates of $12,233 million for the entire fiscal year 2020-21. In the corresponding period of the fiscal year 2019-20, the external inflows were $5,915 million which were also around (46 pc) of the annual budgeted amount of $12,958 million.

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