Pakistan’s total debt, liabilities rise to Rs85.8tr in Q1FY25

November 11, 2024 (MLN): Pakistan’s total debt and liabilities increased to Rs85.84 trillion in Q1FY25, marking a rise of 9.46% from Rs78.42tr in Q1FY24, according to data from the State Bank of Pakistan (SBP) released on November 11, 2024.

The breakup for the total debt and liabilities shows that total debt stood at Rs83.01tr while the liabilities amounted to Rs4.48tr during the review period.

The country's total debt comprised of three elements: domestic debt, PSE debt, and external debt, amounting to Rs47.54tr, Rs1.75tr, and Rs33.72tr respectively.

The external debt which includes debt from IMF, intercompany external debt from direct investors abroad, government and non-governmental external debt, decreased by 0.68% as in the same period last year it stood at Rs33.95tr.

It is important to note that the country’s debt from IMF stood at Rs2.57tr, expanding by 13.72% YoY in Q1FY25.

The data released by the central bank further shows that the total liabilities (external and domestic) reduced by 4.56% YoY to Rs4.48tr during the review period.

The last element in the breakup is the consolidated adjustment with reference to on-lending to GOP, amounting to Rs1.66tr in Q1FY25.

Total Debt and Liabilities Servicing

The servicing of total debt and liabilities dropped to Rs2.12tr in Q1FY25, reflecting a decrease of 0.27% YoY compared to Rs2.13tr in the same period last year.

Out of the total servicing of debt and liabilities, the predominant portion, amounting to Rs1.48tr, comprised interest payments on domestic debt, PSE debt, and external debt.

.The breakup further shows that the remaining amount comprises Rs578bn as the principal repayments and Rs62bn as interest payments on liabilities.

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