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Govt pays off $29bln loans in three years, Senate told

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Govt pays off $29bln loans in three years, Senate told

-Dawood says $50mln worth deals inked at Pak-Uzbek business forum

Web DeskbyWeb Desk
December 22, 2021
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ISLAMABAD, December 22: The upper house of the parliament was informed on Wednesday that the government has paid $29 billion loans during the last three years and a total of $55 billion will be paid during the government’s tenure.
Leader of the House Dr Shahzad Waseem said this while responding to a point of order raised by Pakistan Peoples Party (PPP) Senator Raza Rabbani. Waseem said that $12.2 billion loans will be paid this year while $12.5 billion would be paid next year.
He said the Pakistan Muslim League (PML-N) government paid $27 billion during its five year tenure. He said Pakistan was pushed into a quagmire of loans by ill-financial management of past governments and now the people are bearing its burden. Despite all hardship, the government is making all-out efforts to pass minimum burden on the masses, he added. – TLTP

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