ISLAMABAD: The federal government has obtained a Rs 77.77 billion loan in January 2018 alone from commercial banks and multilateral institutions. China was the leading country which gave loans to Pakistan by providing Rs64.63 billion in seven months, whereas France gave away a Rs 1.09 billion loan, Germany Rs245 million, Japan Rs5.3 billion, Kuwait Rs192 million and Rs2.3 billion separately in the aforementioned period. Furthermore, the government had also obtained loans by selling bonds in the international market. Citibank lent the Pakistani government Rs28 billion, Dubai Bank Rs5.8 billion, ICBC-China Rs107 billion, SCB (London) Rs21 billion and Suisse AG, UBl, ABL Rs25 billion. The Asian Development Bank (ABB) provided Rs51 billion, AIIB Rs1.69 billion, IBRD Rs10 billion, IDA Rs20 billion, IDB Rs5.8 billion, IDB (ST) Rs83 billion, IFAD Rs1.04 billion, and OPEC Fund amounting to Rs428 million.

Source: Pakistan Today February 21, 2018 16:36 UTC