Pakistan’s outstanding external debt, liabilities reach over $130bn in Q3 FY24

May 12, 2025 (MLN): Pakistan’s external debt and liabilities (outstanding) reached $130.31bn at the end of Q3 FY25, reflecting a decrease of $611.041m or 0.47% QoQ, the central bank data showed on Monday.

On a yearly basis, the country’s external debt and liabilities went down by $-805.161m or 0.61% YoY during Q3 FY25 as the figure stood at $131.115bn at the end of Q3 FY24.

According to the latest data issued by the SBP, 76.15% of the entire debt is attributed to public external debt; the combination of the government’s long-term and short-term external debt, IMF loans to the central bank, and foreign exchange liabilities.

The government's external debt stood at $79.13bn during Q3 FY25, reflecting an increase of 1.28% QoQ, while going up by 0.24% YoY.

Within the external debt, the long-term debt by the end of the respective quarter stood at $78.18bn, up by by 1.51% QoQ, while down by by 0.56% YoY.

Meanwhile, the short-term debt (less than one year) increased by 198.38% YoY to $949.415m compared to the $318.194m recorded in the same period last year.

The data further shows that International Monetary Fund (IMF's) loans to the central bank and federal government stood at $3.878bn and $4.399bn respectively during the quarter under review.

The foreign exchange liabilities outstanding during the period under review were recorded at $11.823bn, up by 0.97% QoQ and 0.04% YoY.

Apart from public external debt, the remaining outstanding amount comprises borrowing from public sector enterprises, banks, and the private sector.

Outstanding external debt of public sector enterprises (PSEs) clocked in at $7.593bn, up by 3.98% QoQ and 1.44% YoY.

The amount owed to banks stood at $5.668bn during the review period, in which short-term bank borrowing stood at $1.858bn, while long term borrowing was recorded at $300m in the quarter under review.

Private sector debt, which attributed 9.07% of the total external debt amounted to $11.825bn by the end of 1QFY24, down by 1.75% QoQ and 8.29% YoY.

The last element of the total external debt and liabilities was debt liabilities to direct investors (Intercompany debt) which stood at $5.993bn.

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