PPP govt signed $14.8bn loan agreements

ISLAMABAD: The central government has signed foreign loans agreements worth $14.846 billion during its three and a half year tenure, an official document revealed. The official document available with Daily Times revealed that Pakistan has signed loan agreements worth $3.961 billion with Asian Development Bank (ADB), $3.343 billion with China, $319.200 million with IBRD and $2.624 billion IDA loan with World Bank, $2.180 billion with Islamic Development Bank (IDB), $1.011 billion with Japan, $644.993 million with Saudi Arabia, $305.135 million with France and $158.571 million with Germany. These are the main loan agreements signed during March 25, 2008 to August 31, 2011. – Dailytimes