With an improvement in Credit Ratings of Pakistan and approval of the International Monetary Fund’s (IMF) Extended Fund Facility Program, various commercial banks other than Chinese commercial banks have approached the Ministry of Finance and showed an interest to provide financing to the Government of Pakistan.
Official documents seen by ProPakistani revealed that many financing proposals are presently under consideration at the Ministry of Finance; however, no commitments have been made so far.
Sources said that commercial borrowing decisions are made on the basis of the most competitive terms and in line with external financing requirements of the government.
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