Pakistan debt obligations stand at $30.4bn for next 12 months

News Image

By MG News | October 11, 2024 at 02:39 PM GMT+05:00

0:00

October 11, 2024 (MLN): Pakistan's predetermined short-term net drains on foreign currency assets by the end of July stood at $30.35 billion for the next 12 months, of which $657.96 million was due within a month that already ended as of the release of central bank data.

The majority of these outflows consisted of principal payments valued at $26.48bn, while the interest amount stood at $3.87bn.

Of the total debt obligation, $657.96m was due within one month, while $1.97bn is payable between one and three months, and $27.72bn has a maturity of more than three months but up to one year.

Short-term net drains refer to contractual foreign currency obligations scheduled to come due during the 12 months ahead.

Maturity depends upon when the contract falls due irrespective of whether the expectation is that it will be rolled over.

“Net drains” refer to outflows of foreign currency net of inflows. Outflows are to be reported separately from inflows.

Outflows consist of scheduled amortizations of foreign currency obligations and associated interest payments during the coming year and scheduled deliveries of foreign currencies under forwards, futures, and swap contracts.

The data further showed that Pakistan's aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency, including the forward leg of currency swaps, amounted to $3.42bn.

This amount included short positions worth $3.57bn while long positions amounted to $151m.

In addition, contingent liabilities — obligations that may arise from a future event or action — stood at $1.16bn.

These liabilities included $22.3m in collateral guarantees on debt due within a year, and $1.14bn in other contingent liabilities.

Meanwhile on the funding front, the official reserve assets of the country stood at $17.35bn by the end of September.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,577.43
157.64M
0.16%
207.28
ALLSHR 83,307.97
548.04M
0.27%
226.82
KSE30 40,738.72
59.49M
0.08%
33.42
KMI30 192,582.54
67.76M
0.00%
1.86
KMIALLSHR 55,913.42
319.49M
0.14%
77.71
BKTi 36,459.67
9.75M
0.39%
142.50
OGTi 28,544.28
6.94M
0.00%
1.32
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,670.00 108,880.00
107,680.00
215.00
0.20%
BRENT CRUDE 69.44 69.50
69.03
-0.14
-0.20%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.69 67.97
67.40
-0.24
-0.35%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 08, 2025 at 11:55 AM GMT+05:00

NBP leads Pakistan’s banks in shareholder value surge


July 08, 2025 at 11:39 AM GMT+05:00

Pakistan-Afghanistan railway talks progress


July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval



Top 5 things to watch in this week

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