November 15, 2019 (MLN): The total external debt and liabilities of Pakistan during the first quarter of Fiscal Year 2020 stood at USD 106,891 million, i.e. 11% higher as compared to the figures of same period last year and merely 0.5% higher as compared to the previous quarter.
The above stated figure comprises of Public External Debt (USD 84,518 million), Public Sector Enterprises (USD 3,844 million), Banks (USD 2,822 million), Private Sector (USD 10,750 million) and Debt Liabilities to direct investors (USD 3,314 million).
Within the Public External Debt, around USD 67,807 million were attributable to Government external debt, USD 6,352 million to IMF, and USD 10,359 million to Foreign Exchange Liabilities.
The Public external debt as a percentage of GDP stood at 30.3% during the period, as opposed to 24.6% in the same period last year.
On the other hand, external debt & liabilities as percentage of GDP was recorded at 38.3%, i.e. up by 7% when compared to same period of last year.
Pakistan paid USD 3,074 million in external debt servicing in the first quarter of FY20, as compared to USD 11.589 million in FY19.
Out of the total amount paid, USD 2,275 million was principal amount while USD 798 million was the interest payment.
A breakup of the total payment shows that around USD 2,663 million was attributable to Public Debt, USD 1.5 million to Public Sector Enterprises, USD 24 million to Bank Borrowings and USD 282 million to Private Sector.
