Pakistan’s public debt expected to drop in FY25: ADB

News Image

By MG News | July 18, 2024 at 01:39 PM GMT+05:00

0:00

July 18, 2024 (MLN): Pakistan’s public debt is forecasted to decline by 7 percentage points to 70% of GDP in fiscal year 2024–2025, Asian Development Bank highlighted in its July 2024 Asian Development Outlook (ADO).

However, it cautioned that interest payments are expected to require a staggering 62% of fiscal revenues, up from 41% in 2022–2023.

Across developing Asia, the average government debt-to-GDP ratio is projected to be around 47% this year, slightly lower than previously expected in April. This trend is supported by robust economic growth, which continues to offset upward pressure from primary deficits.

ADB has maintained Pakistan's inflation forecast at 15% for fiscal year 2024-25. Additionally, it has revised upwards its GDP growth forecast from the earlier April estimate of 2.8% for FY25, although the exact new figure was not specified in the report.

“Downward revisions for GDP growth in Bangladesh and Maldives over the forecast period are offset in 2024 by upward revisions for Bhutan, Nepal, and Pakistan, leaving the region’s 2024 growth forecast unchanged at 6.3%,” it said.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,116.45
97.22M
-0.19%
-253.70
ALLSHR 82,944.68
356.42M
-0.16%
-136.47
KSE30 40,579.00
31.66M
-0.31%
-126.30
KMI30 191,928.95
40.81M
-0.34%
-651.72
KMIALLSHR 55,747.38
202.38M
-0.16%
-88.33
BKTi 36,167.11
5.32M
-0.41%
-150.06
OGTi 28,480.03
2.86M
-0.22%
-62.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,545.00 108,880.00
107,680.00
90.00
0.08%
BRENT CRUDE 69.47 69.50
69.03
-0.11
-0.16%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.78 67.97
67.40
-0.15
-0.22%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval


July 08, 2025 at 09:41 AM GMT+05:00

DFML assembles over 300 EVs for delivery


July 08, 2025 at 09:31 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg