Pakistan External Debt Islamabad: Pakistan's economic challenge continues as the Ministry of Economic Affairs (MEA) on Thursday said the country made a net addition of USD 4.77 billion in the first half (July–December 2021) of the current fiscal year to its total external public debt of USD 90.6 billion, media reports said on Saturday.
In its quarterly report on Foreign Economic Assistance (FEA) for July-December 2021, the MEA said the total external loan inflows during the first half of the year amounted to USD 8.972 billion against loan outflows of USD 4.2 billion, thus making a net addition of USD 4.772 billion, reports The Dawn.
“As of Dec 31, 2021, Pakistan’s total external public debt stood at USD 90.6 billion,” said the quarterly report as quoted by The Dawn.
It said that during the first half of FY22, the government of Pakistan signed new loan agreements worth USD 8.481 billion as commitments.
These included USD 2.484 billion worth of agreements with foreign commercial banks, USD 1.956 billion with multilateral development partners, USD 3 billion as safe deposits, USD 1 billion committed as Eurobonds, and another USD 1 billion from the international capital markets through tap-issuance.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
