Pakistan External Debt
Pakistan’s net external debt moves up to almost $5bn
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.
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