KP government running on foreign loans - News Summed Up

KP government running on foreign loans


Due to a strained relationship between the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N), the province hasn’t been receiving financial aids from the centre. According to statistics, the KP government was already in debt of Rs 115 billion and for this huge amount the province had to pay at least Rs 8 billion in interest. Moreover, documents available with Pakistan Today stated that the mega development projects in the province have been initiated with the help of foreign loans. Similarly, for small energy projects and BRT $210 million were taken from the Bank of France. Last year, the KP government had passed a bill against the private interest business but the PTI itself has been taking loans from the international organisation on interest.


Source: Pakistan Today February 19, 2018 15:01 UTC



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