In the first half of the fiscal year, KP loans exceed Rs809 billion.

According to official data from the Finance Department, the provincial government of Khyber Pakhtunkhwa borrowed more than Rs 809 billion during the first half of the current fiscal year.

According to the documents, the provincial government borrowed more than Rs 809 billion for a total of 102 development projects.

With Rs 352.5 billion for 46 projects, the World Bank became the biggest lender.

In a similar vein, 44 development projects in the province received loans totaling Rs 351.8 billion from the Asian Development Bank.

The data also show that the provincial government paid out Rs 25.56 billion for loan repayment and interest between July and December.

Of this, Rs 9.75 billion was paid in interest and Rs 15.81 billion was utilized to satisfy principle liabilities.

KP Finance Advisor Mazammil Aslam commented on the borrowing, stating that the budget had originally projected borrowing of Rs 180 billion.

He stressed that these loans are meant for current development projects in the province and relate to already signed agreements.