Ministry of Economic Affairs Economic Affairs Div : Mr. Omar Ayub Khan, Minister for Economic Affairs held a consultative meeting with Mr. Najy Benhassine, Country Director, World Bank in the Ministry of Economic Affairs, on 25th May, 2021.
05/26/2021 | 01:27am EDT
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Required fields Mr. Omar Ayub Khan, Minister for Economic Affairs held a consultative meeting with Mr. Najy Benhassine, Country Director, World Bank in the Ministry of Economic Affairs, on 25th May, 2021.
Islamabad (25th May, 2021): Mr. Omar Ayub Khan, Minister for Economic Affairs held a consultative meeting with Mr. Najy Benhassine, Country Director, World Bank in the Ministry of Economic Affairs, today. The meeting was aimed to discuss ongoing projects and development priorities of Government of Pakistan for the next years.
Foreign loans jump over 35% to $10b
Around 88% of these borrowings were for budget and forex reserves support
Nearly 87% of foreign loans were for budget financing and building foreign exchange reserves, which meant that these had not been utilised for creating assets. PHOTO: FILE
ISLAMABAD:
The government’s foreign borrowings jumped over 35% to $10 billion during first ten months of this fiscal year and 88% of the loans were meant for budget and foreign exchange reserves support, which has further weakened the debt bearing capacity.
The foreign lenders disbursed $10 billion in loans during the July-April period of the current fiscal year, the Ministry of Economic Affairs reported on Tuesday. The lending was higher by over 35% or $2.6 billion during the same period of the last fiscal year, showed the official statistics.
Orders from China +40.5% y/y; U.S. +43% y/y Ministry sees May orders rising between 40.1% and 44% y/y Taiwan’s COVID outbreak an uncertainty - ministry
TAIPEI, May 20 (Reuters) - Taiwan’s April export orders rose for the 14th month in a row and far exceeded expectations, boosted by sustained demand for telecommuting products during strict lockdowns worldwide to contain the COVID-19 pandemic.
Strong demand for smartphones made by the likes of Apple Inc also fuelled orders.
Taiwan’s export orders, a bellwether of global technology demand, jumped 42.6% from a year earlier to $54.93 billion in April, data from the Ministry of Economic Affairs showed on Thursday.