ISLAMABAD: Parliamentary Secretary for Finance Rana Afzal Khan has said that foreign debt has been reduced to 61 percent of GDP during the tenure of current government from 63.3 percent of previous government.
Rana Afzal revealed this in National Assembly while responding to various questions during the Question-Hour. He also said that there was shortfall in tax collection target in the first quarter of the current fiscal year, hoping that the tax target would be met in the ongoing quarter.
He said the foreign loans received during the tenure of the present government from June 05 2013 to September 2014 stood at $9,750.87 million. He clarified that these loans do not include the bonds worth $3,499.35 million and the loan of $4,769.10 million provided by the International Monetary Fund (IMF).
