During the previous fiscal year, Pakistan borrowed $10.6 billion and paid $13.3 billion in debt.

According to the Ministry of Economic Affairs’ annual report, the Government of Pakistan obtained 10.6 billion dollars in fresh loans during the previous fiscal year and paid back 13.3 billion dollars in principal and interest.

According to the report, provincial governments borrowed 1.9 billion dollars, while the federal government borrowed 8.6 billion dollars.

3.5 billion dollars in interest and 9.7 billion dollars in principal were paid.

By the end of the fiscal year, Pakistan owed 91.7 billion dollars in foreign debt.

Prior to review negotiations, the IMF recognizes Pakistan’s economic recovery.

The Asian Development Bank made the highest contribution of 2.2 billion dollars to the 5.06 billion dollars in loans from multilateral development partners.

The Asian Infrastructure Investment Bank contributed 89 million dollars, and the World Bank contributed 1.9 billion dollars. Power and energy projects received 1.3 billion dollars of the total amount borrowed.

With 68 million dollars going toward projects that mitigate the effects of climate change, 28 million dollars going toward urban and rural development, 18.5 million dollars going toward health initiatives, and 17.1 million dollars going toward information technology resources, the study also highlighted development spending.