Pakistan’s External Debt Rises 23.6% | $1.7 Billion Borrowed in 2 Months | SAMAA TV

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Pakistan’s External Debt Rises 23.6% | $1.7 Billion Borrowed in 2 Months | SAMAA TV

Pakistan recorded a 23.6% increase in external borrowing during the first two months of the current financial year, according to documents from the Economic Affairs Division.

Pakistan received around $1.7 billion in external loans and financial assistance during July and August, compared with approximately $1.37 billion during the same period of the previous financial year. The latest borrowing is equivalent to around Rs476 billion.

The documents show that international financial institutions provided more than $590 million in loans during the two-month period. The Islamic Development Bank provided around $191.2 million, while the World Bank contributed approximately $238.4 million.

Pakistan also received financing through the New Pakistan Certificates, while foreign commercial banks provided around $300 million. Various countries contributed additional financial assistance during the period, including Germany and Saudi Arabia.

The data also includes project and non-project financing received by Pakistan during July and August. According to the documents, China did not provide financial assistance to Pakistan during this period.

Watch the complete report for details on Pakistan’s external borrowing, loans from international financial institutions, foreign commercial bank financing and the latest figures from the Economic Affairs Division.

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