Total Loan Taken by PTI Government from 2018 — 2022 all details are shared on this Page.
PTI government from 2018 to October 2021
- Received US$ 38.8 billion as foreign loans
- Repaid US$ 29.815 billion as debt servicing
- Net inflow US$ 8.042 billion
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PML-N government from July 2013 to June 2018
- Received US$ 49.762 billion as foreign loans
- Repaid US$ 27.071 billion as debt servicing
- Net inflow US$ 22.691 billion
ISLAMABAD, Pakistan: The government of Pakistan has received US$ 38.8 billion as foreign loans and paid back US$ 29.815 billion from August 2018 to October 2021, the National Assembly was informed on Thursday.
In a written reply to a question by Ms. Shaza Fatima Khawaja, the Minister for Economic Affairs Omar Ayub Khan told the House that from August 1, 2018 to October 31, 2021, the government of Pakistan received a total of US$ 38.8 billion in the form of foreign loans and grants.
Total Loan Taken by PTI Government
The summary of Total Loan Taken by PTI Government foreign loans and grants is as under:
The minister apprised the House that foreign loans and grants are obtained to bridge the financing gap (fiscal deficit) and meet the development needs of the federal & provincial governments.
Similarly, foreign inflows are also used to meet the external payments & liabilities including debt servicing.
PTI Government Loans Details
Omar Ayub also told that against receipt of US$ 37.857 billion foreign loans, the government of Pakistan paid US$ 29.815 billion as external debt servicing including principal & interest payments from August 2018 to October 2021. Thus, the net inflow is only US$ 8.042 billion in 39-months (US$ 2.474 billion/year on average).
Whereas during the period of July 2013 to June 2018 (5-years), the government of Pakistan received US$ 49.762 billion as foreign loans and repaid US$ 27.071 billion as debt servicing. Thus, the net inflow was US$ 22.691 billion during the 5-years (4.538 billion/year on average).
Loan Achievements by PTI Government from 2018 – 2022
- Loans repaid by PTI govt in 22 months: RS 5000 Billion
- Amount borrowed from State Bank in 22 months: NIL
- Panagahs established by PTI govt in 22 months: 200+
- Rs 2 Billion allocated to transform PM house into a university.
- Effective diplomacy saved Pakistan from paying $1.2bn penalty in Karkey case
- Kartarpur corridor constructed and made operational within months.
- Modi exposed across the globe, Kashmir issues raised at international forums, India isolated.
- 10 billion tree Tsunami project praised across the globe and being replicated by other developed counties.
- Sehat Sahoolat card being provided to every family in KPK. Providing Insurance coverage worth 1 million per family annually.
- Rs 150 Billion+ distributed among the needy through the Ehsas Emergency Cash program.
- Funding provided for a number of DAM projects. Work on most has commenced and would be completed after PTI’s tenure finishes. Because a leader thinks of the next generation. Not the next election.
- Government paying utility bills for small business in an attempt to shoulder some of their expenses in times of Covid19.
- Current account deficit reduced to $3 Billion from $20 Billion within 22 months.
- State Bank’s reserves have increased from $9.7 Billion to $12.3 Billion in 22 months.
- 1.2 million families of Azad Kashmir to get Sehat Sahulat card with insurance coverage of Rs 1 million per family annually.
- Tax collection was increasing at a rate of 17% before Covid19 arrived. Hundreds of thousands of new filers had registered with the FBR.
- 7 million families will receive Sehat Sahulat Card in Punjab during the current year. 4.6 million families have already received it. All these families would have insurance coverage of Rs 1 million annually.
- After Covid19 arrived, Imran Khan was the first leader who raised voice for debt relief. He was mocked. People discussed his tracksuit for days. A few weeks later, Pakistan ended up securing $2.4 billion debt relief.
- “In Pakistan, the outlook has improved markedly since the 2018 general election victory of Imran Khan. In a short period, the country has seen notable improvements in business sentiment & macroeconomic policy-making.” -Financial Times
- Covid19: Cases per million around the world: 1,275 Cases per million in Pakistan: 901 Deaths per million around the world: 68.3 Deaths per million in Pakistan: 18
- Discussed Kashmir’s issue every time he met President Donald Trump leading to the US president repeatedly offering to act as a mediator between India & Pakistan in an attempt to solve the Kashmir crisis. Previous PM wouldn’t even mention Kashmir.
- Thousands of poor Pakistanis locked up in prisons abroad were brought back to Pakistan thanks to PM Imran Khan’s impressive diplomacy. GhareeboN ka Wazir e Azam.
- Pakistan secured Foreign Direct Investment (FDI) of $2.1 Billion in the first 9 months of the financial year 2019-2020. Highest in the last 11 years.
- In 22 months, the PTI government has constructed and revamped 1824 kms of roads across Pakistan. Which is 600 km more than PMLN did in their last 2 years.
- PM Imran Khan reduced PM office staff to 298 from 552. Reduced the operating cost of the PM office to 339 million from 509 million. (33% reduction) No camp offices. Bears expenses of his house himself. Unprecedented Austerity.
- Ease of doing Business: Pakistan was ranked 147th in the world in 2018. Pakistan has jumped 39 places to 108 under Imran Khan’s leadership in less than two years.
- In 22 months, PM Imran Khan’s Total Loan Taken by PTI Government has brought the Trade Deficit down to $21 billion from $37 billion.
The minister said that as compared to debt servicing of US$ 27.071 billion from July 2013 to June 2018 (US$ 5.414 billion/year on average) by the previous Total Loan Taken by PTI Government, the present Total Loan Taken by PTI Government inherited a historic high level of debt servicing.
As a result of this, the present Total Loan Taken by PTI Government had to pay US$ 29.815 billion from August 2018 to October 2021 (US$ 9.174 billion/year on average) on account of external debt servicing including principal and interest, he said.
This was revealed in the data compiled by the Economic Affairs Division (EAD) and State Bank of Pakistan (SBP) and exclusively available with Business Recorder.
The Total Loan Taken by PTI Government borrowed around $13 billion from multiple external financing sources during the calendar year 2021 including $4.5 billion from foreign commercial banks (33 percent), taking the country’s total external debt and liabilities to nearly $130 billion.
According to the EAD data, the Total Loan Taken by PTI Government paid $8.535 billion during the calendar year 2021 on account of debt servicing of external public loans – principle payment of $7.156 billion and interest payment of $1.379 billion. The government received $1.041 billion from issuance of bonds in 2021 and borrowed $4.3 billion from foreign commercial banks during the calendar year 2021which includes $971.20 million from SCB (London), $355.50 million from Suisse AG, UBL and ABL, one billion dollars from China Development Bank, $800 million from ICBC China, $350 million from Ajman Bank and $720 million from Dubai Bank.