Pakistan sets a new record by taking a whopping $16 bn of loans in one year

Setting a new 'record', Pakistan has taken $16 billion in foreign loans, mostly from China or the Gulf monarchies, in one financial year, mainly to service the interest on existing loans and to pay for imports, media reports said.

Setting a new 'record', Pakistan has taken $16 billion in foreign loans, mostly from China or the Gulf monarchies, in one financial year, mainly to service the interest on existing loans and to pay for imports, media reports said. July 24, 2019 at 07:25AM https://ift.tt/2XWWsp8