Peshawar: Khyber-Pakhtunkhwa government owes a staggering amount of Rs. 265 billion to international financial organisations including World Bank and Asian Development Bank.

Under the rule of Pakistan Tehreek-e-Insaf (PTI) since the past seven and a half years, the province has been steadily taking loans which now amount to the astronomical sum of Rs. 265 billion. According to official documents, Rs. 164 billion loans were taken out during 2019-2020 fiscal year. Of this amount, Rs. 144 billion were taken from World Bank.
A total of Rs. 72 billion was kept aside for energy projects.
BRT Peshawar was given almost Rs. 50 billion procured through loans from Asian Development Bank. Over Rs. 11 billion were used for tourism project, Rs. 28 billion for agricultural projects while Rs. 18 billion were given to Public Resource Management Program of the Treasury Department and Rs. 12 billion were taken out through loans for KP Economic Corridor.
A road constructed between Swabi and Mardan cost Rs. 12 billion. The KP government also kept aside Rs. 0.83 billion for Corona under the Health Ministry. Loan agreements worth Rs. 1.12 billion were signed for development projects for various cities in the province.
Going further back, between 2017-18, more than Rs. 52.7 billion were procured through loans for agriculture, power and energy, transport and water sectors.
In the fiscal year 2016-17, loans worth Rs. 9.12 billion were signed between World Bank and Asian Development Bank among other financial institutions, and the provincial government. In 2015-16 a total of Rs. 5.22 billion loans were sanctioned for building roads and highways, mass transit and energy projects.
In 2014-15 financial aid from DFID was among the Rs. 9 billion that the provincial government received while in 2013-14, Rs. 4.8 billion were procured through International loans.
Freight train derails near Mirpur Mathelo, halts rail traffic
- 3 hours ago
Russia launches largest-ever drone attack on Ukraine
- 4 hours ago

Court orders transfer of lion to Safari Park after attack on kids in Lahore's Johar Town
- 8 hours ago

THAAD deployed: US missile defense system now active in KSA
- 9 hours ago
India’s monsoon toll climbs to 69 amid floods and landslides
- 3 hours ago
India backs down, allows Pakistan team in Asia Cup
- 6 hours ago
Gold prices drop again in local market after brief pause
- 6 hours ago

20 child deaths spark stern action from CM Maryam Nawaz
- 8 hours ago
Punjab University, PEMRA strengthen media-academia collaboration
- 5 hours ago

UN records 613 deaths at Gaza aid points, convoys
- 8 hours ago
IAEA withdraws inspectors from Iran over security concerns
- 3 hours ago
India Says China and Turkey supported Pakistan during May skirmishes
- 4 hours ago