The correct answer is C: USD 15.32 billion. During the Fiscal Year 2020-21, which spanned from July 2020 to June 2021, Pakistan acquired a substantial amount of external financing to manage its economy, support its balance of payments, and fund various development projects. According to official reports from the Ministry of Economic Affairs and other financial bodies, Pakistan secured approximately USD 15.32 billion in foreign loans and grants during this period. These funds were sourced from various multilateral institutions like the IMF and World Bank, bilateral creditors, and commercial banks. This influx of funds was critical for the country's financial stability and economic initiatives amidst global and domestic challenges.
A: USD 10.5 billion is incorrect. This figure is significantly lower than the actual amount of foreign loans and grants acquired by Pakistan during FY2020-21, according to official statistics.
B: USD 12.12 billion is incorrect. While closer than the previous option, USD 12.12 billion still does not match the officially reported figure for the total external financing received by Pakistan in that specific fiscal year.
D: USD 18.45 billion is incorrect. This amount is higher than the actual reported figure for Pakistan's foreign loan acquisition in FY2020-21. While Pakistan's borrowing has been extensive, this particular number does not align with the official statistics for that fiscal year.