In the absence of IMF umbrella, Pakistan’s external financing pipeline appeared drying up as it received 40 per cent lower inflows – only $5.596 billion in the first half of the current fiscal year against $9.4bn in the same period last year.
The inflows amounted to just 24.5pc of the $22.8bn budget target implying that without an immediate revival of the fund programme, the country would be unable to meet its external obligations with a higher pace of outflows as the State Bank of Pakistan’s foreign exchange reserves dropped to just above $3bn last week.
In the first five months (July-November), Pakistan had received about $5.115bn in foreign loans, almost 14pc higher than the foreign loans it received in the comparable period last year.
Official Facebook: [ Ссылка ]
Official Twitter: [ Ссылка ]
Website: www.dawn.com
Official Instagram: [ Ссылка ]
#dawnnewsenglish #dawnnews #dawn #pakistan #pakistannews #englishnews #businessnews #news
