PTI govt has paid back loans amounting to 10 billion dollars within one year: Senate told.

ISLAMABAD -- Hammad Azhar minister for Economic Affairs has told Senate that PTI led government has paid back the largest ever loans of the history of the country amounting to 10 billion dollars within one year. He told the Senate Friday that foreign exchange reserves rose by 2 to 3 billion dollars. Had we not increased power and gas tariff then how we would have fulfilled agreements signed for purchase of electricity and gas on higher rate. Responding to questions by senator Mushtaq Ahmad, Senator Jahanzeb Jamaldini, senator Abdul Rehman Malik and others during question hour in Senate Hammad Azhar said during the first six months of financial year 2018-19, sales tax amounting to Rs 668.4 billion were collected against the set target of Rs 730.4 billion while Rs 688 billion were collected on account of sales tax against the set target of Rs...

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