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Government borrowed $1.42b during last three months: DAR told Senate

ISLAMABAD: Ishaq Dar on Wednesday said that government has received loan of US$ 1,420.38 million during the last three months.

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Dar revealed the facts on the question of MQM’s Senator Syed Tahir Hussain Mashhadi, who asked,” Will the Minister of Finance, Revenue, Economic Affairs, Statistics and Privatization be pleased to state the amount borrowed by the Government from foreign countries and financial institutions during the last three months indicating also the rate of interest at which the same was borrowed”?

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Answering the question Dar said that loans have taken from foreign countries/ financial institutions.

“Pakistan has also received US$ 500.20 million from IMF under Extended Fund Facility during the last three months”.

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