May 16, 2023 (MLN): Pakistan’s total debt and liabilities amplified to Rs73 trillion in 9MFY23, marking a 36.17% YoY from Rs53.6tr in 9MFY22, according to data from the State Bank of Pakistan (SBP) released on Monday.
The country’s external debt which includes debt from IMF, intercompany external debt from direct investors abroad, and non-governmental external debt, ballooned by 50.65% YoY to Rs32.52tr compared to Rs21.59tr in 9MFY22.
It is important to note that the country’s debt from IMF stood at Rs2.12tr, which surged by 55% YoY in 9MFY23.
On the other hand, the total liabilities including external and domestic reached Rs4.26tr, expanding by 44% YoY compared to Rs2.9tr in 9MFY22.
The data further revealed that servicing of total debt and liabilities clocked in at Rs6.55tr in 9MFY23, jumped by 72.77% YoY compared to Rs3.8tr in the same period last year.
Out of the total servicing of debt and liabilities, Rs167bn stood as the principal repayment of the country’s debt from the IMF while the remaining amount was left against non-government external debt and government external debt and liabilities.
The country recorded Rs129.3bn in terms of interest payment on liabilities, witnessing a 20.7% YoY increase in the review period compared to Rs107bn in 9MFY23.
