Advertisement

Pakistan’s External Debt & Liabilities Rise Alarmingly High as Borrowing Continues

Pakistan’s external debt and liabilities reached an alarming level of $113.8 billion by the end of September 2020, due to the continuous borrowing from bilateral and multilateral agencies.

Advertisement

According to the State Bank of Pakistan (SBP), the burden of these external debts and liabilities surged by $945 million or 0.8% during the first quarter of the financial year 2020-21 (July to September). The country’s total external debt stood at $113.803 billion by 30 September 2020, as compared to $112.858 billion by 30 June 2020.


ALSO READ

Saudi Arabia May Refuse Delay in Pakistan’s $2 Billion Loan Repayment


The gross external debt and liabilities stood at 41.4 percent in the first quarter of FY21. The total stocks of debt and liabilities comprise the Paris Club, the Euro and Sukuk global bonds, the IMF loan, foreign exchange liabilities, Public Sector Enterprises (PSEs) guaranteed debts and non-guaranteed debts, banks’ borrowings, non-residential deposits, private sector guaranteed/non-guaranteed debts, and foreign exchange liabilities and debt liabilities to direct investors.

During the period under review, the Paris Club debt increased from $10.924 billion to $11.203 billion. However, the IMF debt declined $76 million to $7.604 billion. The Public Sector Enterprises’ (PSEs) debt also went down from $4.9 billion to $4.77 billion.


ALSO READ

Pakistani Rupee Becomes 3rd Best Performing Currency in Asia


The banks’ borrowings stood at $4.356 billion and the private sector debt stood at $11.438 billion by the end of September. During the period under review, the official foreign exchange reserves declined from $12.55 billion to $12.3 billion.

Advertisement

  • PTI govt. has no policy except to criticize previous govt’s. Where is justice in High Courts …?

  • Advertisement

    See ProPakistani in...
    ProPakistani App
    close
    >