Pakistan, July 18 -- Pakistan obtained foreign loans worth $16.2 billion from China during the last fiscal year, including $1.7 billion in refinancing, as the country continued to rely on external financing to meet its economic requirements.

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According to official data, the government remained short of its overall foreign loan and grant target by $3.72 billion during the fiscal year. The government had set a target of securing $19.92 billion through foreign loans and grants but could not achieve the planned amount.

China remained one of Pakistan's largest sources of external financing during the period, providing significant support through loans ...