Islamabad: (RightNow). Pakistan has secured $16.2 billion in external loans from China in the last fiscal year. This includes $1.7 billion in refinancing.

According to official figures, Pakistan’s foreign loan target was $19.92 billion, but it fell short by $3.72 billion.

Government sources stated that a loan of $953.74 million was also received from the Asian Development Bank.

These loans are crucial for the country’s economic survival as the government faces a financial crisis.

It should be noted that Pakistan has also received financial aid from other international institutions besides China.