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Billions of dollars in loans to be sought by Pakistan: media reports

News Desk by News Desk
October 19, 2022
in Featured, National, News, Politics, Top News, World
Reading Time: 1 min read
Over 100 names removed from ECL by new coalition government

The Financial Times quoted the Pakistan Prime Minister Shehbaz Sharif saying on Wednesday that the country would be seeking more loans worth billion of dollars from the global lenders to deal with and mitigate the devastating effects of the recent floods in the country.

Mr Sharif said that the country was not looking to reschedule its loan, but was instead looking for additional funding from international lenders. It is pertinent to mention here that the Finance Minister Ishaq Dar had said last week that Pakistan had requested the lenders to reschedule its loans.

While the prime minister shied away from disclosing the amount needed for the repair work of the infrastructure, the Financial Times reported that the country was seeking around $30billion.

News Desk

News Desk

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