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Pakistan’s foreign debt up by  Rs400b in 6 months: Dar

Pakistan’s foreign debt up by Rs400b in 6 months: Dar

ISLAMABAD: Finance Minister Ishaq Dar has told the National Assembly that foreign debt, including first installment of the $6.64 billion Extended Fund Facility from the International Monetary Fund, raised by a whopping Rs 403.064 billion as a result of depreciation of rupee during the past nearly half a year.

The minister said total that an amount of domestic and foreign loans obtained by the government during the period from 2008 to 2013 stood at Rs 8,136 billion. He said that a total of Rs 6,234.3 billion was procured as domestic loans, Rs 1,256.5 billion as foreign loans, and Rs 645.3 billion was obtained from the IMF.