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Govt reviews progress on Chaman, Torkham border crossing points


Daily Times
Omar Ayub emphasizes on timely completion of foreign-funded projects from across country
May 24, 2021
ISLAMABAD: Minister for Economic Affairs Omar Ayub Khan on Monday emphasized for timely completion of foreign-funded projects of different sectors.
He chaired meeting of the National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on road communication and finance and revenue sectors at the Ministry of Economic Affairs, said a press release issued by the ministry.
The meeting was attended by parliamentary secretary, and senior officials of the Ministry of Communications, National Highway Authority (NHA), Finance Division, Federal Board of Revenue (FBR), State Bank of Pakistan (SBP), Naya Pakistan Housing and Development Authority (NAPHDA) and provincial governments. ....

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External debt servicing to stay above $10b next fiscal


External debt servicing to stay above $10b next fiscal
Country will also pay $3.8b to external creditors during last quarter of current fiscal
Pakistan’s reliance on foreign loans has almost doubled, as there was a 73% increase in commercial borrowing in the first eight months of FY21 as compared to the same period of last year. PHOTO: FILE
ISLAMABAD:
The country’s external debt servicing will remain over $10 billion a year for the next two years, as the government weighs its debt-related foreign inflows position to meet the mounting foreign obligations that keeps it dependent on global lenders.
The $10 billion a year external debt servicing is exclusive of the foreign loans that Pakistan has taken in the shape of deposits from the United Arab Emirates (UAE) and China, the ministry of economic affairs informed the finance ministry on Tuesday. ....

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