Meanwhile, Pakistan’s external debt servicing obligations are $ 2.44 billion for the current month of July 2023, including $ 2.07 billion in non-guaranteed debt owed to China
Amid the worsening situation of the economy in Pakistan, the cash-strapped country’s Punjab caretaker government released a whopping Pakistani Rupee (Rs) 2.3 billion to purchase new vehicles for its officials, The News International reported.
At a time when the whole country is struggling to meet the International Monetary Fund’s demands, the finance department issued a notification sanctioning Rs 2.3 billion for the purchase of new luxury vehicles.
According to the notification issued on July 20, the assistant commissioner of each tehsil will be provided with a new double cabin 4×4 Revo-G M/T, additional deputy commissioners (general) of each district will be provided new Yaris ATIV 1.3L while additional commissioners of each division will be provided Corolla 1.6 Altis CVT.
The notification said that the vehicles – presently used by the assistant commissioners – shall be allocated to tehsildars.
Meanwhile, Pakistan’s external debt servicing obligations are $2.44 billion for the current month of July 2023, including $2.07 billion in non-guaranteed debt owed to China, according to The News International.
Another $1 billion safe deposit from China is also due, so Pakistan and China are currently working on the rollover of around $3 billion bilateral debt within the ongoing month.
Source : BS News