HomeBusinessEurobond issuance program delayed due to high interest rates Achi-News

Eurobond issuance program delayed due to high interest rates Achi-News

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Achi news desk-

Islamabad (Web Desk) During the first 9 months of the current financial year, the data of the loan received by Pakistan has been released.
Private television with reference to the Ministry of Economic Affairs said that Pakistan received a loan of 9.8 billion dollars in the first 9 months, compared to 7.8 billion dollars in the same period last year billion from the IMF and a loan of billion of dollars from the United Arab Emirates According to data, the debt target for this year is $17.62 billion billion dollars instead of 6 billion dollars, while Pakistan also plans to issue a Eurobond of 1.5 billion dollars if the interest rate has to postpone.
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According to the Ministry of Economic Affairs, the government of Pakistan did not take any new loans from commercial banks during the first 9 months of this financial year, according to the data, the government received a loan of 318 million dollars in October and 321 million dollars in September, during the 9 months of the current financial year, as time deposits and oil loan from Saudi Arabia But 1.23 billion dollars were received while in the same period 1.43 billion dollars were received from the World Bank and 665 million dollars from the. Asian Development Bank.
Figures from the Ministry of Economic Affairs show that overseas Pakistanis bought New Pakistan Certificates worth $781.5 million and received $4.7 billion in loan budget support.

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