November 12, 2024 (MLN): Pakistan’s external debt servicing (including both principal and interest) by the government stood at $3.594 billion for the first quarter of FY25, according to the latest data released by the State Bank of Pakistan (SBP) on Monday.
Breaking down the data, principal payments during the review quarter reached $2.25bn, with the majority ($1.99bn) attributed to public debt, particularly under the government debt sub-head ($1.57bn).
The debt from the International Monetary Fund (IMF) stood at $417m.
Meanwhile, the burden of Public Sector Enterprises (PSEs) and the Private Sector was reported by the SBP at $44m and $221m, respectively
Interest payments on public debt totaled $1.3bn, with $695m of this amount specifically tied to government public debt.
Additionally, $186m in debt charges were associated with IMF loans during Q1 FY25
Moreover, Rs209m, Rs52m, and Rs88m were the interest payments for the private sector, bank borrowings, and PSEs borrowings, respectively.
In the previous quarter, external debt servicing was reported at $6.257bn, with principal payments totaling $4.75bn and interest charges amounting to $1.506bn.
In comparison, both interest payments and principal payments have significantly decreased.
