Decision to roll over the loan of 12 billion dollars from friendly countries in the new financial year

Islamabad: The federal government has made an initial estimate of 23 billion dollars for external financing to meet the financial needs for the next financial year 2024-25.

Sources in the Ministry of Finance have told Express News that in the next financial year, a debt of about 12 billion dollars will be rolled over from friendly countries, of which 5 billion dollars will be from Saudi Arabia, 3 billion dollars from the UAE and 4 billion dollars from China. The loan will be rolled over.

Sources in the Ministry of Finance say that the estimate of further new financing from China will also be included in the budget of the next financial year. Sources say that Pakistan will receive more than one billion dollars from the IMF under the loan program, while new financing from the World Bank and the Asian Development Bank is also included in the budget estimate.

According to sources in the Ministry of Finance, new loan program agreements will be made with financial institutions.