Peshawar: The federal government has requested information on interest paid on external and internal loans, as well as repayment records for the current fiscal year from the government of Khyber Pakhtunkhwa (KP) (FY22).
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The province administration requested information of loans supplied by the federal government and international relief agencies through the government in a letter issued to the KP Finance Department’s Economic Affairs Division on Sunday.
According to sources, the central government is also looking for information on foreign aid grants given to the province this year and any that are due next year.
They claimed that since 2013, the Pakistan Tehreek-e-Insaf (PTI) administration had borrowed over Rs300 billion from the Asian Development Bank (ADB) and other international financial institutions for development projects in various sectors.
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“Prior to the PTI government, the province’s external debt was Rs33 billion in 2013,” they claimed.
The majority of the loans were secured by the KP government for mass transit projects such as Peshawar’s Bus Rapid Transit (BRT) and for rural services such as the local government department’s plan, electricity, and other projects.
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