Foreign borrowing drops by 33% during first quarter of FY-19

MG News | October 23, 2018 at 11:02 AM GMT+05:00

0:00

October 23, 2018 (MLN): Foreign borrowing by the government has dropped by 33% during July-September period as compared to the previous year.

Economic Affairs Division has revealed in an official press release that the government of Pakistan has borrowed a total of $1 billion from external avenues during the first quarter of current fiscal year (FY19), while borrowing in corresponding period of last year was recorded at $1.5 billion.

The government borrowed around $225 million in September 2018, alone.

As per the data released, the government has borrowed nearly $300 million from China while Commercial Banks have lent a sum of $240 million through the quarter.

On the other hand, borrowing from Asian Development bank (ADB) stands in at $107 million.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,330.00	111,630.00 107,835.00	4375.00 4.09%
BRENT CRUDE	64.79	65.15 63.81	0.42 0.65%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	92.90	92.90 92.90	-0.25 -0.27%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.99	61.38 59.99	0.42 0.69%
SUGAR #11 WORLD	14.34	14.41 14.20	0.06 0.42%