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 | 139,533.75 19.56M | 0.81% 1121.50 |
ALLSHR | 86,410.88 44.23M | 0.83% 707.92 |
KSE30 | 42,592.24 9.80M | 0.80% 337.40 |
KMI30 | 196,038.39 10.34M | 0.99% 1928.80 |
KMIALLSHR | 57,317.81 17.17M | 1.07% 604.14 |
BKTi | 38,060.64 1.81M | 0.61% 229.30 |
OGTi | 28,010.47 4.53M | 2.08% 569.84 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 119,175.00 | 119,430.00 117,905.00 | 1555.00 1.32% |
BRENT CRUDE | 72.28 | 72.82 72.26 | -0.96 -1.31% |
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 | 69.89 | 70.41 69.88 | -0.11 -0.16% |
SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
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 |
---|