# Pakistan rejects $490m loan over cost

Pakistan rejected a $490 million loan from ITFC due to high interest rates. The finance ministry cited elevated gross financing needs and cost concerns. The IMF projects a current account deficit of 1% of GDP, or $4.5 billion.

https://tribune.com.pk/story/2636732/govt-rejects-490m-loan-over-cost

#loan #pakistan #interest #deficit

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Created: 2026-10-31T11:06:22.165258+00:00

Last edited: 2026-10-31T11:06:22.165258+00:00

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Original source: https://tribune.com.pk/story/2636732/govt-rejects-490m-loan-over-cost