Pakistan has taken a $7 billion loan from the International Monetary Fund (IMF) at an interest rate of approximately 5%.
According to the Ministry of Finance, the IMF loan includes 50 basis points as service charges and is repayable over 10 years.
The loan will be repaid to the IMF in 12 installments semi-annually.
The Ministry of Finance stated that loans from other institutions, including Chinese banks, were taken at an interest rate of 7% to 8%.
It should be noted that Pakistan received the first installment of the $7 billion bailout package from the IMF in September.
Sources said this IMF loan program spans over 37 months.
