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ISLAMABAD:Pakistan has received nearly $10 billion in foreign loans in the past 11 months, and almost three-fourths have been utilised for budgetary support and m
air max 96 eeting external financing requirements, underscoring that the amount cannot be returned without resorting to fresh borrowing.The total loan disbursement from July through May of fiscal year 2017-18 stood at $9.98 billion, reported the Econ
adidas samba green omic Affairs Division on Monday. The 11-month disbursements were significantly higher than the budget
shoes adidas samba ary estimate of $7.7 billion.As compared to five years ago, when about two-thirds of the loans used to be taken for project financing, now around 75% are obtained for budgetary support and building foreign currency reserves. This suggests that these loans have not been put into productive sectors of the economy, making it impossible to retire them without taking new loans.From July through May, project financing stood at a mere $2.8 billion or 28% of the total disbursements, according to the E Stpb White oil Saudi Arabia seeks place on tourism map
MUTIMA:Twenty-t
jordan donna wo people have died and more than 60 are feared drowned after a pleasure boat sank on Lake Vi
air force mid ctoria, Ugandan police said Sunday.The vessel carryin
samba adv g close to a hundred revellers sank during bad weather on Saturday in the latest deadly incident to affect passenger boats on Africa's largest lake. Twenty-two bodies have been recovered and 26 people rescued, said Asuman Mugenyi, director of operations for the Uganda police. According to one of the survivors there were more than 90 people on board. Local fishermen and Ugandan Navy personnel search passengers of capsized cruise boat on lake Victoria at Mutima village. PHOTO: AFP
