Islamabad: The Federal Ministry of Finance has repaid a loan of Rs 2,600 billion ahead of schedule, while the total volume of loans will reach $ 40 billion after the private sector receives the expected $ 20 billion.
According to the Ministry of Finance, Rs 1,633 billion was repaid to the State Bank in just 59 days, Rs 500 billion on June 30 and Rs 1,133 billion on August 29.
Regarding the loan repayment, it was reported that a loan of Rs 1,000 billion from the commercial market has also been repaid ahead of schedule.
Advisor to the Treasury Khurram Shahzad said that the Ministry of Finance has made history by repaying the loan ahead of schedule, while the World Bank has approved a concessional loan of $ 20 billion for Pakistan.
He said that another $ 20 billion is expected for the private sector through IFC and after that the total volume of loans will reach $ 40 billion.
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