Govt focuses on current debt situation: Ayaz Sadiq

ISLAMABAD   -   Pakistan has received $184 billion of Foreign Economic Assistance (FEA) in the form of loans and grants from multilateral and bilateral development partners as well as from international financial and capital markets since 1950. Out of total FEA, the share of loans was around 89% ($164 billion) and grant was 11% ($21 billion). Interestingly, around 40% of the total FEA was received during 2011 to 2020 and 14% during the last 22 months (i.e. from July 2021 to Apr, 2022).  This was shared in a seminar organised by Ministry of Economic Affairs, in partnership with United Nations Development Programme (UNDP) to initiate policy discussion and generate recommendations for the Government of Pakistan. Sardar Ayaz Sadiq, Minister for Economic Affairs, welcomed all the participants including policy advisers, representatives of government, members of financial institutions, UN agencies and foreign development partners to deliberate on the current economic situation of the country.

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