The federal government borrowed 2.734 billion from July to September, up from 18 2.18 billion in the same period last fiscal year, according to the Economic Affairs Division. Borrowing during the month is 22% of the external debt budget estimate for the whole year.
Of the 1.53 billion in loans, 1.268 billion was borrowed for budget support, 14 149 million is commercial loans, while only 31 317 million is for development projects over a three-month period. No oil borrowed from Saudi Arabia, the budget estimates it will borrow 1 billion from Saudi Arabia during the year.
On the other hand, according to the SBP, in the first quarter of the financial year, a total of 576.8 million was sent abroad by foreign investors in terms of profit, which is 227.6 million more than the previous year. The amount remitted in the name of Pakistan is 48% more than the total foreign investment in Pakistan during this period.
Extracted from City42 News
