In spite of a reduction in its foreign exchange reserves, Pakistan only got $2,234 billion from international lending institutions for the first quarter of the current fiscal year (from July to September).
According to the Pakistani publication “The Nation,” Pakistan did not get much cash from bilateral and multilateral sources during the first quarter despite the International Monetary Fund’s lending programme being revived.
The country received 1.
166 billion dollars from the International Monetary Fund, 682. 3 million dollars from multilateral sources and $ 386 million from bilateral sources, bringing the total of $ 2,234 billion in the aforementioned period.
In contrast to the first quarter of the previous fiscal year, when the government got loans totaling $3.20 billion, the nation received no loans from international commercial banks during that time.
The most recent information provided by the Ministry of Economic Affairs indicates that in September of last year, the government received 625.85 million dollars in the form of external loans.
The recent disastrous floods that devastated Pakistan between June and September this year are still having an impact on the nation.
In the first quarter, Pakistan receives overseas loans totaling $2,23 billion.
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