Pakistan repatriates $ 3.8 billion of foreign debt. Pakistan repatriates $ 3.8 billion of foreign debt in six months, foreign gross debt has increased by $ 1.7 billion while borrowing $ 5 billion by December.
According to the Ministry of Finance, foreign borrowings from July to December received 5.5 billion dollars.
Similarly, Pakistan has repaid $ 3.8 billion of foreign debt during the months from July to December.
Total foreign debt increased by $ 1.7 billion. On the other hand, the stock market saw an increase in foreign investment and the investment volume reached $ 1.88 million, up from $ 73.88 billion in January last year.
The stock market witnessed a surge in foreign investment in January, with portfolio investments rising 343.8 thousand dollars this year, after which the volume of foreign investment in the stock market reached 1.88 million 52 thousand dollars.
Investments amounted to $ 73.68 billion in January last year, the investment volume from July 1 to January 24 stood at US $ 1108.71 billion, with a withdrawal of $ 393.6 million in the same period last year.
Similarly, in the first half of this financial year, the telecom sector recorded a record investment of $ 420 million, which is the highest in the last ten years.
According to a report by the State Bank of Pakistan, the telecom sector has been the third largest sector attracting foreign investors during the first six months of this financial year and more than 30% of the total foreign investment made in the country.
FDI is done in the telecom sector. News report on Pakistan repatriates $ 3.8 billion of foreign debt.