Pakistan pays $8.1bn for external public debt servicing in 9MFY24
MG News | August 13, 2024 at 01:10 PM GMT+05:00
August 13, 2024 (MLN): Pakistan's government has paid an amount of $8.086 billion from July–March 2023-24 on account of debt servicing of external public loans.
According to the quarterly report by the Economic Affairs Division (EAD), this consists of principal repayment of $5.363bn and interest payments of $2.723bn.
Payments to the International Monetary Fund (IMF) stood as the highest single creditor payment amounting to $1.7bn. The breakup shows that $1.239bn was paid as principal payments, while the remaining $461m were interest charges.
Additionally, Saudi Arabia received a total of $1.153 billion, consisting of $1.107 billion in principal payments and $46 million in interest charges.
Following this, the Asian Development Bank (ADB) received $1.033bn in outflows from the government for the 9MFY24.
The World Bank received $905 million in external public debt servicing from Pakistan during the same period.
Further analysis of data shows that payments worth $1.062bn were made exclusively as interest charges to to Foreign Commercial Banks, Bonds, China Safe Deposits, and KSA Deposits.
External Public Debt Servicing (US$ Million)
| Lender/Creditor | Debt Servicing | ||
|---|---|---|---|
| Principal | Interest | Total | |
| IMF | 1,239 | 461 | 1,700 |
| Saudi Arabia | 1,107 | 46 | 1,153 |
| ADB | 645 | 388 | 1,033 |
| World Bank | 606 | 299 | 905 |
| China | 185 | 238 | 423 |
| Foreign Commercial Banks | - | 343 | 343 |
| Bonds | - | 331 | 331 |
| China Safe Deposits | - | 236 | 236 |
| Japan | 225 | 29 | 254 |
| France | 156 | 30 | 186 |
| KSA Deposits | - | 152 | 152 |
| NPC | 625 | 34 | 659 |
| Others | 575 | 136 | 711 |
| Total | 5,363 | 2,723 | 8,086 |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 162,163.81 363.99M | -0.70% -1140.32 |
| ALLSHR | 98,789.32 1,004.87M | -0.60% -591.65 |
| KSE30 | 49,418.59 142.52M | -0.85% -423.92 |
| KMI30 | 235,592.79 87.24M | -1.05% -2511.37 |
| KMIALLSHR | 64,955.16 475.31M | -0.97% -635.78 |
| BKTi | 45,437.77 69.21M | -0.59% -267.52 |
| OGTi | 32,150.13 9.02M | -1.60% -521.10 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 115,580.00 | 116,570.00 113,495.00 | 4840.00 4.37% |
| BRENT CRUDE | 65.27 | 66.64 65.06 | -0.67 -1.02% |
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.00 -1.23% |
| ROTTERDAM COAL MONTHLY | 92.60 | 0.00 0.00 | 0.45 0.49% |
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 60.85 | 62.17 60.67 | -0.65 -1.06% |
| SUGAR #11 WORLD | 14.58 | 15.04 14.54 | -0.39 -2.61% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
MPC Meeting