The National Assembly’s standing committee has recently received the details of loans that different governments of Pakistan took from the International Monetary Fund IMF Loan Details The documents the Ministry of Economic Affairs provided indicate how much was borrowed and repaid during various government tenures.
Borrowing Periods and Amounts for PPP IMF Loan Details
As per the documents, IMF was mainly lent to the Pakistan Peoples Party (PPP) government. From 2008 to 2013, over 5.23 billion Special Drawing Rights (SDR) were secured by this party in power, which now stands at more than USD 7.72 billion based on current exchange rates.
Interest Paid and Repayments Made IMF Loan Details
These papers show that the PPP administration paid back these loans with interest exceeding USD 440 million. It committed significant financial resources through such large borrowings and repayments during its rule.
PML-N Loans IMF Loan Details
Borrowing Periods and Amounts for PML-N. After PPP, another political party known as Pakistan Muslim League-Nawaz borrowed heavily from the IMF from 2013 until 2018. This government obtained SDR worth USD 6.48 billion during its tenure, which equals USD 4.39 billion.
Interest Paid and Repayments Made IMF Loan Details
Over five years, PMLN paid back almost all its debts, amounting to over USD 5.92 billion. In addition, it paid more than USD317 million in interest payments, thus highlighting wider implications around servicing such an expensive loan. Servicing such a loan was difficult for PMLN, but they tried hard anyway.
Loans Under PTI Government
Borrowing Periods And Amount For PTI Similarly, between 2018 and 2012, PTI borrowed heavily, too. Total debts amounted to about six billion dollars at one point or another throughout the duration, approximately four point zero five billion sdr.
Interest Paid And Repayments Made
PTI returned only about three hundred million SDR equivalent value of four points or two billion dollars out of these loans. At the same time, it paid seven hundred ninety-one million mere interest during its ruling period. This indicates continued reliance upon the IMF support system, further emphasizing the need for transparency regarding financial obligations incurred therein.
Summary Of Impact Due To IMF Loan Grants:
Pakistani governments have handled their respective international monetary fund loan grants differently according to what has been presented before us here today by members sitting within national assembly committees responsible for overseeing such matters; hence, we can conclude that there were very large amounts given out as well as principal plus other costs involved showing each regime’s strategy when borrowing money affected our economy significantly thereby constantly increasing difficulty managing external debt so let’s examine if any lessons learned will help guide future policy-making processes aimed at promoting economic development stability prosperity among nations worldwide including Pakistan.
