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
The external debt to GDP) stood at 20.3% at the end of June quarter
The external debt-GDP ratio fell to 20.2 per cent at the end of March 2017
Decline in external debt was partly offset by valuation gains of $1.4 billion, triggered by an appreciation of the dollar
India's external debt stood at $485.6 billion as of March 2016, up 2.2 per cent year-on-year due to a rise in long-term debt
Dollar denominated debt accounted for 57.6% of India's total external debt, followed by that in the rupee at 28.7%