Islamabad, July 10 -- : Pakistan would borrow Pakistani Rupees (PKR) 5.5 trillion from international lenders in the current fiscal year to maintain their foreign exchange reserves, repay the previous loans and finance of current account deficit.
Earlier, in the annual budget for 2022-23, the Pakistan government had projected that they will borrow only PKR 3.17 trillion from international sources. However, the budget didn't include the financing from the International Monetary Fund (IMF), Saudi Arabia and SAFE China deposit, Pakistani newspaper The Nation.
The volume of the projected international borrowing has now increased to PKR 5.5 trillion after incorporating funding from aforesaid sources.
This new borrowing will be 74 per cent high...