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Home Breaking News

Pakistan’s external debt rose by 7pc during FY20

byCT Report
01/09/2020
in Breaking News, Karachi, Latest News
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KARACHI: Pakistan’s total external debt and liabilities by the end of FY20 stood at Rs11824 billion, signifying a growth of 7% YoY.

Meanwhile domestic debt in FY20 rose by 12% or Rs2550 billion to Rs23281 billion. Domestic debt in last two fiscal years increased by Rs6865 billion as by end of FY18 fiscal year domestic debt was at Rs16416 billion.

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Trade in and out of Afghanistan from Pakistan appeared to be flowing as normal, however, with traffic at the Torkham border crossing apparently undisturbed,  despite the historic detonation roughly 50 kilometres away. / AFP PHOTO / ABDUL MAJEED        (Photo credit should read ABDUL MAJEED/AFP via Getty Images)

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Outstanding external debt of Public sector enterprises (PSEs) during FY20 stood at Rs824 billion, the figure was Rs194 billion higher when compared with FY19. PSE external debt in two years rose by Rs499 billion as by the end of FY18 external debt was at Rs325 billion.

 

 

 

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