ISLAMABAD:- The PTI government led by ex-prime minister Imran Khan added the debt and liabilities in the country worth of Rs 5700 billion to Rs53.544 trillion from Rs.47.844 trillion in just nine months (July-March) of the current fiscal year due to heavy borrowing policy and currency fluctuation.

The PTI government has piled up the stock of debt and liabilities on the country up to Rs23 trillion during its tenure of 43 months. The dollar has jumped to Rs183 from Rs115 during tenure of over three and half months. 

The State Bank of Pakistan has issued a quarterly report on the debt and liabilities of the country.

The report shows that that the Pakistan’s Total Debt surged by Rs5497 to Rs 51.058 trillion from Rs 45.561 trillion, liabilities grew from Rs 2.282 trillion to Rs2.961 trillion during the first nine months of the current fiscal year.

The Principal Repayment of External Debt and Liabilities squeezed to Rs 700 billion from Rs1,634 billion, Interest Payment on debt decreased to Rs750 billion from Rs2,832 billion and Interest Payment on Liabilities fell to Rs36 billion from Rs95 billion during the first nine months of the current fiscal year.

Debt Stock

Out of total debt stock of Rs51 trillion, the Government Domestic Debt increased from 26.265 trillion to Rs28.076 trillion, the PSEs Domestic Debt increased from Rs1,437 billion to Rs1,439 billion during the first nine months of the current fiscal year.

The External Debt swelled from Rs17.859 trillion to Rs 21.542.5 trillion during the first nine months of the current fiscal year mainly due to currency fluctuation during the period.

 The local currency PKR against US$ decreased by Rs26/US$ during the first nine months of the current fiscal year which mainly pushed up the external debt stock.

Out of total external debt, the government external debt increased from Rs12.439 trillion to Rs14.918 trillion and Non-government External Debt grew from Rs3.608 trillion to Rs4.475 trillion and Country’s Debt from IMF increased from Rs1.161 trillion to Rs1.371 trillion, the Intercompany External Debt from Direct Investor abroad up from Rs 651 billion to Rs777 billion.

Liabilities

The total liabilities increased from Rs2.282 trillion to Rs2.961 trillion during the three quarters of the current fiscal year. The external liabilities surged from Rs1.378 trillion to Rs2.116 trillion and Domestic Liabilities decreased from Rs 904 billion to Rs845 billion during the three quarters of the current fiscal year.   

 Principal Repayment of External Debt and Liabilities

The Principal Repayment of External Debt and Liabilities decreased from Rs 1,634 billion to Rs 700 billion during the first nine months of the current fiscal year. Out of total Principal Repayment of External Debt and Liabilities, the Government External debt and Liabilities  decreased from Rs811 billion to Rs629, Non-government External debt decreased from Rs164 billion to Rs 32.5 billion, Country’s Debt from IMF  decreased to Rs173 billion to 38.7 billion and Monetary Authorities external Liabilities cleared from 486 billion to zero.

Interest Payment on debt

Interest Payment on debt narrowed from Rs2,832 billion to Rs750 billion, the Government Domestic Debt decreased from Rs.2,510 billion to 637 billion, , the External Debt decreased from Rs 322 billion to Rs 114 billion, the Government External debt decreased from Rs.209 billion to Rs 76, the Non-government External debt decreased from Rs89 to Rs32 billion and Country’s Debt from IMF decreased from Rs 24 billion to Rs5.5 billion during the period.

By adminmy

Leave a Reply

Your email address will not be published.