According to the State bank of Pakistan (SBP), the country’s total external debt servicing stood at $2.09 billion during the first quarter (July-Sept) of FY18. Total external debt and servicing includes $1.71 billion of principal and $383 million of interest payment. Pakistan pays $4.8b in external debt servicingSimilarly, on principal basis, external debt servicing of public debt stood at $904 million with $32 million being repaid on guaranteed debt of Public Sector Enterprises (PSEs), $53 million on PSEs’ non-guaranteed debt and $51 million on private non-guaranteed debt. Inflows from donor agencies remained much lower than projections, while debt servicing moved up compared to last year, he added. He said that the country’s total external debt servicing exceeded the $2 billion mark during the first quarter of current fiscal year (FY18).

Source: The Express Tribune January 03, 2018 05:03 UTC