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Govt borrowed $2.3b during 1H of Fiscal Year 2019

Govt borrowed $2.3b during 1H of Fiscal Year 2019

ISLAMABAD: The Government of Pakistan borrowed $2.3 billion in the first half of the current fiscal year, according to the Economic Affairs Division.

During the July-December period of fiscal year 2018-19, the government borrowed $836 million from China, and $500 million from commercial banks.

It also took out $339 million in loans from the Asian Development Bank, and $272 million from the Islamic Development Bank.

During the same period in 2017, borrowing stood at $5.9 billion from external resources.