PM Khan seeks details of foreign loans, spending

islamabad — Deeply concerned over the alarming rise in country’s debt from Rs6 to 30 trillion in the past 10 years, Prime Minister Imran Khan on Thursday directed the Finance Ministry to submit a detailed analysis to find out where the money was spent.

Chairing the Cabinet meeting here at the PM Office, the PM said the government and the people of Pakistan have the right to know where these huge amounts were spent and were these beneficial for the country.

“Where was the money spent, on which projects? Did we build a dam? We need to know as we have to borrow more loan to return the instalments,” Khan said.

He asked the ministry to submit its detailed analysis to the Federal Cabinet and said it would also help create a better understanding about the loans and their impact on national economy. —