The Pakistan Tehreek-e-Insaf (PTI) government has retired record foreign loans worth $9.5 billion during the current fiscal year, which according to Minister of State for Revenue Hammad Azhar, had never been done by any government in a single year.

On point of personal explanation in the National Assembly, Azhar said that during the first year of PTI government, external debts increased by $2.7 billion whereas, in the last year of the Pakistan Muslim League-Nawaz (PML-N) government, foreign loans surged by over $7 billion.



Responding to the opposition’s claim of obtaining domestic loans worth Rs7,000 billion or Rs 10,000 billion during PTI’s first year in power, he further said the figures were highly exaggerated.

The minister added that previous governments were responsible for the current economic situation of the country, while the Prime Minister (PM) Imran Khan-led government was taking the economy towards stability.