Govt has returned $10b loans: Hafeez Shaikh.

KARACHI -- Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh said on Friday the government had so far returned $10 billion worth of foreign loans.

Sheikh said so while addressing a ceremony at the Pakistan Stock Exchange in Karachi. He said some of these loans had not even been acquired by the incumbent government.

The finance adviser said they had taken effective measures to increase exports of the country. 'We did face some difficulties while introducing economic reforms, but they have started yielding positive results,' he added.

Sheikh said the State Bank of Pakistan was truly empowered for the first time and allowed to make its own decisions...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT