Pakistan’s outstanding domestic & foreign debt reached 81.9% of the GDP or $ 239.275 billion by Sep 30, 2023

ISLAMABAD, Jan 25 (SABAH): Pakistan’s outstanding domestic and foreign debt has reached 81.9 percent of the gross domestic product (GDP) or $ 239.275 billion by September 30, 2023.

In this debt, the value of the real foreign debt owed by the government of Pakistan has reached $101. 31 billion, and the value of this foreign debt have gone to 34.7% of the Gross Domestic Product. The amount of domestic debt owed by Pakistan has reached $137, 96 billion.

A recently concluded debt portfolio of Pakistan with donor and lenders revealed that: 

In foreign debt, the debt value of international financial institutions has reached $45.96, which is recorded as 34.7% of GDP.

The value of International Monetary Fund debt due to Pakistan has reached $7.847billion, which is recorded as 15.4% of GDP.

The volume of World Bank debt has reached $19.10 billion, or 2.7% of the GDP.

The Asian Development Bank’s debt is worth $15.9 billion, or 5.1% of GDP.

Islamic Development Bank’s loan value is $159 million dollars.

In the details of the debt between Pakistan and friendly countries, the value of this debt is $41.76 billion, which is recorded as 14.3% of the GDP. The value of Paris Club debt due to Pakistan has reached to $7.73 billion. The value of Japan’s debt is $5.599 billion.

The value of France’s debt is 1.29 billion. The debt owed by Pakistan to Non-Paris Club member countries is $34.36 billion. Some $23.51 billion debt is payable to China, the value of Saudi Arabia’s debt to Pakistan has reached 6. 708. Pakistan has so far issued Eurobonds and Sukuk bonds worth $7.8 billion. Pakistan has to pay the debt of $6.60 billion to international commercial banks, which includes $5.398 billion only from China’s commercial banks.

The amount of domestic debt owed by Pakistan has reached $137. 964 billion. The value of treasury bills sold by the government to meet its financial needs has reached $30. 873 billion. Of which $18. 27 billion worth of treasury bills are due to the country’s banking sector and $12.34 billion to the non-banking sector. Pakistan’s other debt includes $14.88 billion, of which $1.65 billion to State Bank of Pakistan, $2.12 billion to domestic banks.

The value of the loan taken through National Savings Schemes is $11.10 billion, while the government of Pakistan has so far issued state guarantees worth 12 billion 54 billion dollars.