Debt servicing drops 18.66% YoY in FY24

MG News | August 15, 2024 at 12:15 PM GMT+05:00

0:00

August 15, 2024 (MLN): Pakistan's total debt servicing (principal and interest) by the government reached $16.93 billion at the end of FY24, marking an 18.66% year-over-year decrease compared to FY23, according to the latest data issued by the State Bank of Pakistan (SBP) on Thursday.

Breaking down the data, principal payments during FY24 reached $11.47bn, with the majority ($9.43bn) attributed to public debt, particularly under the government debt head ($7.79bn).

Interest payments on public debt totalled $4 billion, with $3.11bn of this amount specifically tied to government debt.

Additionally, $2.26bn in debt was associated with IMF loans during FY24, with $619 million of that amount accounting for interest payments alone.

Public sector debt stood at $459m in FY24, a significant 43% decline year-over-year compared to $802.7m in the previous year. Of this, $239.5m was interest, and $219m clocked in as the principal amount.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,645.00	117,680.00 117,510.00	-125.00 -0.11%
BRENT CRUDE	67.52	68.42 67.19	-0.43 -0.63%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.26	63.31 63.21	0.00 0.00%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%