“The caretaker government has established the Special Investment Facilitation Council (SIFC) to attract foreign investment and reduce reliance on external debt. The bank said in its latest update on Wednesday that $4.29 billion worth of debt and interest cost had to be paid in December 2023 alone. Between January and February 2024, Pakistan has to pay another $3.47 billion and from March to November 2024, it will pay $19.71 billion, according to the bank. Read Rs908b added to public debt in NovIn December 2023, SBP Governor Jameel Ahmad announced that Pakistan had to pay a sum of $24.6 billion in foreign debt and debt servicing by the end of June 2024. Accordingly, the total liquid foreign reserves held by the country stood at $13.26 billion, according to the bank.
