ISLAMABAD: The government repaid foreign debt of $10,730.2 million (over $10.73 billion) including repayment of $4,415 million ($4.4 billion) to IMF from June 2013 to January 2016.
This was revealed by Federal Minister for Finance Ishaq Dar’s written reply to a question in Senate. He said that total foreign and domestic debt stock was Rs. 18,694.2 billion by end of January, 2016.
The minister said this includes foreign debt Rs5,573.6 billion ($53,122 million) and domestic debt $13,120.6 billion. He said the govt was running fiscal deficit, therefore, instead of repaying domestic debt, it has refinanced domestic debt from the domestic market.
He said that debt servicing (principal repayment and interest payment) of foreign loans was being managed on due dates against appropriate budget provisions as per amortisation schedules.
