TRADE & ECONOMY

Pakistan needs 3 billion dollars to pray off loans and interest

2023-03-23
Pakistan needs 3 billion dollars to pray off loans and interest

In a related major development, Pakistani authorities have confirmed receipt of $2 billion in safe deposit from China.

 

As of last March 10, the volume of foreign exchange of Pakistan was 4 billion 30 million dollars. If the IMF continues to work lazily in paying the installment of the loan to Pakistan, it will have to prepare a plan B for financial management.

 

When contacted, a senior Finance Ministry official said if Plan A did not work, Plan B would be formulated.

 

According to available details, Pakistan has to pay 31.6 million dollars in April 2023 for repayment of loans and interest.calamities, we need the rule of law and democracy. Must work for strength