Pakistan also rich in Kangali
On one hand, the condition of Pakistan is getting worse from bad to worse. The economy is completely shattered, but even after all this, Pakistan is succeeding in lifting loans from abroad. Whether it is IMF or China is giving a lot of loans to Pakistan. According to the data, Pakistan has acquired a loan of about 26.7 billion US dollars (7.58 lakh crore Pakistani rupees) in Finance-year 2024-25.
This is the time when the condition of Pakistan is bad. The GDP of the country is continuously falling. Inflation is at its peak. People are not getting employment. According to data from the State Bank of Pakistan, Pakistan has obtained a loan of $ 26.7 billion in financial year 2024-25. Which is more than the year 2023-24.
Help getting help from these countries
The countries which are named in helping Pakistan are America, China, Kuwait, Saudi Arabia and UAE. Apart from this, Pakistan has also taken a wild loan from IMF. Now the question is, why the country whose economy is going into the trough is constantly being helped. In a special conversation with TV 9 Digital, Economist Sharad Kohli said that these countries will continue to help Pakistan even further. According to Kohli, Pakistan’s economy may get worse in the coming days. How long will Pakistan continue to last on loan.
Such financial help is getting
According to data released by the Ministry of Economic Affairs on Tuesday, only $ 3.4 billion out of US $ 26.7 billion loans or about 13 percent of the project was received for funding. As per the report, the Ministry of Economic Affairs deposited 11.9 billion US dollars in the accounts of the federal government, which is about $ 1.2 billion more than the previous financial year. The International Monetary Fund (IMF) distributed US $ 2.1 billion, while cash deposits from Saudi Arabia, China, United Arab Emirates and Kuwait as cash deposits of US $ 12.7 billion, I was successful in receiving a commercial loan of US $ 4.3 billion US $ 4.3 billion, mostly supported by Chinese loans and other Asian Development Bank (ADB).
Why more money than expected
Talking about the Asian Development Bank, Pakistan has received a loan of US $ 2.1 billion from here, which is 50 crores more than the budget. Different institutions contributed a total of $ 6.9 billion US dollars, including US $ 2.1 billion. The World Bank released US $ 1.7 billion and has not announced any new budget assistance loan for the current financial year 2025-26. Islamic Development Bank distributed US $ 71.6 million. Saudi Arabia gave US $ 20 million under safe oil financing facility at six percent interest, making it a very expensive loan. According to the Finance Ministry, Pakistan’s loan-GDP ratio and gross financing requirement-GDP ratio is currently above the sustainable level. GDP is considered unstable when GDP exceeds 15 percent of GDP.