Pakistan secures $2.7 billion in loans, 55% less than last year, falling short of $23 billion target.

During the first four months of the 2024-25 fiscal year, Pakistan received $2.7 billion in foreign loans, a 55% drop from the same period last year. This includes a $1 billion IMF tranche and $542 million from the "Naya Pakistan Certificate" program. The country had planned to borrow $23 billion but secured only $1.3 billion from loans and $200 million from commercial banks. Despite budgeted plans, no funds were received from Saudi Arabia or China.

November 26, 2024
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