External Debt

Pakistan needs to repay a whopping USD 77.5 billion in external debt from April 2023 to June 2026 and the cash-strapped country may face "disruptive effects if it ultimately defaults, a prominent US think tank has warned. The analysis published on Thursday by the United States Institute of Peace (USIP) warned that amid skyrocketing inflation, political conflicts, and rising terrorism, Pakistan is facing the risk of a default due to its massive external debt obligations, the Geo News reported on Friday. Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves. The USIP report called the USD 77.5 billion that Pakistan needs to repay in external debt from April 2023 to June 2026 a hefty amount for a USD 350 billion economy. It stated that if Pakistan ultimately defaults, there will be a cascade of disruptive effects. In the next three years, the debt-struck country has to make major ...

Russia's external debt fell to $380.5 billion in 2022, its lowest level in 15 years, the central bank said

India's external debt stood at USD 610.5 billion in the second quarter of 2022-23, down by USD 2.3 billion from end-June 2022, the finance ministry said on Thursday. The external debt to GDP ratio stood at 19.2 per cent as at end-September 2022 as compared to 19.3 per cent at end-June. "At end-September 2022, India's external debt was placed at USD 610.5 billion, recording a decrease of USD 2.3 billion over its level at end-June 2022," it said. Valuation gains due to the appreciation of the US dollar vis--vis major currencies such as the euro, yen and Indian rupee was placed at USD 10.6 billion. "Excluding the valuation effect, the increase in external debt would have been USD 8.3 billion instead of a decrease of USD 2.3 billion at end-September 2022 over end- June 2022," it noted. At end-September 2022, long-term debt (with original maturity of above one year) was placed at USD 478.7 billion, recording a fall of USD 8 billion over its level at end-June 2022, it said. On the othe

International Monetary Fund has shared list of prerequisite actions with Pakistani authorities for moves towards implementing them in the next three weeks if they are keen to revive the loan programme

A greater proportion of poorer-country debt is now owed to commercial lenders, which offer shorter maturities, and capital markets have largely closed to many governments

While 53.2% of the debt was denominated in the US dollar, Indian rupee-denominated debt, estimated at 31.2%t, was the second largest, as per the status report released by FinMin

The report released by the finance ministry on Thursday said public debt accounted for 92.28% of the total outstanding liabilities at the end of March

Pakistanis got poorer under Khan's watch, with the future holding little promise

All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, Lanka's finance ministry said

Street protests against shortages of fuel, power, food and medicine have gone on for more than a month

The external debt to GDP ratio fell marginally to 20 per cent at the end of December last year from 20.3 per cent at the end of September 2021

Pakistan government's external debt rose by a massive 20 per cent in the first half of the current fiscal (2021-22), to reach a high of Rs 21 trillion in December 2021.According to the State Bank of Pakistan (SBP) data, the government's total debt stocks rose by 8 per cent in the first half of the current fiscal (2021-22) which increased the total domestic and external debt to an all-time high of Rs 51.724 trillion in December 2021, up from Rs 47.931 trillion in June 2021, reported Business Recorder.Continued borrowing from domestic and external resources for financing the fiscal deficit is increasing the country's debt burden, the report further said citing economists.The external debt included Rs 14.814 trillion of government external debt, Rs 4.223 trillion non-government debt, and loans of Rs 1.188 trillion from the International Monetary Fund (IMF).Earlier this month, IMF released a fresh tranche of loans to the tune of USD 1 billion to Pakistan, subject to fulfilling certain ...

Total external debt of the country rose by 2.1 per cent to $570 billion as of March-end 2021, against $558.4 billion a year ago

Pakistan's external debt is likely to increase in the near future as it is under compulsion to borrow more and more every year

Valuation gain because of the appreciation of the dollar vis-a-vis rupee and other major currencies was at $16.7 billion

Increase in external debt partially offset by valuation gain resulting from the appreciation of the US dollar against Indian rupee.

The increase in external debt was partially offset by valuation gain resulting from the appreciation of the US dollar against Indian rupee and other major currencies

The external debt level, however, suffered from valuation loss after the US dollar depreciated against major currencies that time

Some increase in short-term debt primarily due to trade related credit also contributed to the overall increase in total external debt

The growth of external debt attributes to steady economic growth and stable foreign trade