1265Pakistan Current AffairsMedium
Pakistan acquires USD ____ billion loans in Fiscal year 2020-21.
ANone of these
BUSD 15.32 billion
CUSD 12.32 billion
DUSD 13.32 billion
Correct answer
B. USD 15.32 billion
Explanation
The government contracted $15.32 billion worth of new foreign loans from multilateral institutions and commercial banks during the previous fiscal year (2020-21) — almost 47 percent higher than $10.45bn a year earlier. The data showed that Pakistan contracted USD 8.41 billion in the fiscal year 2018-19, followed by USD 10.45 billion in 2019-20 (up 24 percent), and USD 15.32 billion in 2020-21 (up 47 percent), the Dawn newspaper reported, quoting ‘Annual Report on Foreign Economic Assistance 2020-21.