Pakistan’s debt servicing costs reach $4.969 billion during current fiscal year

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MG News | May 22, 2018 at 02:22 PM GMT+05:00

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According to the latest data published by the State Bank of Pakistan, total debt servicing by the government during the first nine months of current fiscal year reached a total of $4.969 billion.

Principal Amount payments during the first nine months totaled at $3.528 billion, major chunk of which comes from the Public debt particularly concentrated under the Government Debt head. Interest payable on the principal of public debt totaled at $1.441 billion.

Debt servicing of the Public Sectors Enterprises (PSEs) reached $334 million, with total jumping to $133 million in the third quarter of current fiscal year. The total interest paid under this head reached $998 million.

Furthermore, the total private sector debt continues to decline in the last three quarters as it fell from $303 million in Q1 FY 18 to $173 million in Q2 FY 18. The total sum paid for the Private Sector debt reached Rs. $687 million.

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