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ISLAMABAD:Foreign loan disbursements plunged to $2.2 billion in first half of the current fiscal year, excluding emergency loans from Saudi Arabia and the United Arab Emirates (UAE), causing frustration over the slow pace of inflows.Pakistan received $2.2 billion in loans from bilateral and multilateral lenders during
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nike air f r period of fiscal year 2018-19, according to the Economic Affairs Division (EAD). The disbursements were equal to only 23% of the original annual estimate of the finance ministry.Owing to the low disbursements, the central bank s official gross foreign currency reserves have remained under pressure.The $3-billion loans that Pakistan got from Saudi Arabia and $1 billion from the UAE are not part of these releases.Despite growing need
dunks red , foreign loans plunge 37% to $930mThe financial assistance from these countries has been shown on the central bank s books. Despite the arrival of $4 billion, the official gross foreign currency reserves held by the State Bank
