The Ministry of Economic Affairs informed the National Assembly that the government received $57.27 billion in foreign loans, excluding assistance from the International Monetary Fund (IMF), between July 2018 and June 2023. Of this total, $9.81 billion was allocated specifically for project financing.
In a written response to a question from Shakir Bashir Awan, Minister for Economic Affairs Ahad Cheema revealed that the government paid $3.9 billion in interest on these foreign loans during the same period, with $889 million paid specifically for project loans.
The ministry clarified that domestic loans are primarily raised through government securities auctions or the Central Directorate of National Savings and are used mainly for deficit financing rather than project-specific purposes.
In a separate response to a query from Syed Rafiullah regarding advance taxes collected from mobile users over the past five years, the Ministry of Finance reported collections of Rs. 50 billion in 2020, Rs. 55 billion in 2021, Rs. 61 billion in 2022, Rs. 80 billion in 2023, and Rs. 92 billion in 2024.