With the 26th instalment, Pakistan has repaid the IMF $6.3 billion since July 2011. PHOTO: FILE
With the 26th instalment, Pakistan has repaid the IMF $6.3 billion since July 2011, of which $5.5 billion was paid under the SBA facility.
With the latest repayment, Pakistan has paid back $256 million in December alone, having paid $147 million last week.
During the current fiscal year, Pakistan has returned the lender $2 billion, including $1.8 billion under the SBA facility.
Another $57 million was returned under the Natural Disaster Assistance during the same period.
COMMENTS (11)
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@Murtaza. Actually it's "spelled" Installment.
@Kublai: Please prove it. Any document or source of information? I am not against his putting two cent down this way. I am just curios about your allegation.
@John the Baptist: Are you paid for this job by any party?
@Last Word: No, Paul and peters re twins. So you can borrow from Paul and pay back to Peter . It is OK
Paying of the loan is not a problem. The lion of Punjab can make a few million US dollars contribution. Will hardly feel it. Considering he has $2.2 billion salted away.
i dont understand whats the point of paying these installments when Pakistan is applying for more loan from IMF..at the end of the year the principle amount would remain there
@Last Word:
Hope Pakistan is not following the policy of borrowing from Paul and paying Peter.
It is and I am an authentic witness to it ;)
It's pronounced installment by the way!
Why these re-payment is a news, what you peoples do not have any money at all !
Hope Pakistan is not following the policy of borrowing from Paul and paying Peter.
PPP and previous regime took huge loans and now job to payoff is left with pmln.