Pakistan debt hits record high of Rs 24,211 billion: SBP

News Image

MG News | August 08, 2018 at 05:33 PM GMT+05:00

0:00

Pakistan has witnessed a 16.6% increase in its total debt as the amount owed by the country hit a record high of Rs 24,211 billion in June, according to the provisional figures released by the State Bank of Pakistan.

\"\"

Borrowings from outside the country were recorded at Rs 7795.7 billion, outpacing the growth in the government’s borrowings from within the country. According to data released by the Bank, external debt increased by 31.7% over the year, compared to a growth of 10.5% in domestic debt.

Compared to a year ago, the government was only able to generate Rs 3,413.3 billion from the issuance of longer-term Pakistan Investment Bonds, compared to Rs 4391.8 billion raised a year ago, a decline of about 22.3%.

Money raised through short-term securities, primarily Market Treasury Bills (MTB) and market treasury bills for the replenishment of cash, grew by 35.7%. Compared to the Rs 6550.9 billion raised by June 2017, the government raised a total of Rs 8,889.1 billion through the sale of these short-term debt securities.

Market expectations that the State Bank would raise interest rates has led investors to restrain from lending money to the government on a long-term basis, which explains the growth in short-term borrowings where the money generated from PIBs has fallen over the year.

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg