KARACHI: Pakistan’s government has paid an amount of $8.086 billion from July–March 2023-24 on account of debt servicing of external public loans.
According to the quarterly report by the Economic Affairs Division (EAD), this consists of principal repayment of $5.363bn and interest payments of $2.723bn.
Payments to the International Monetary Fund (IMF) stood as the highest single creditor payment amounting to $1.7bn. The breakup shows that $1.239bn was paid as principal payments, while the remaining $461m were interest charges.
Additionally, Saudi Arabia received a total of $1.153 billion, consisting of $1.107 billion in principal payments and $46 million in interest charges.
Following this, the Asian Development Bank (ADB) received $1.033bn in outflows from the government for the 9MFY24.
The World Bank received $905 million in external public debt servicing from Pakistan during the same period.
Further analysis of data shows that payments worth $1.062bn were made exclusively as interest charges to to Foreign Commercial Banks, Bonds, China Safe Deposits, and KSA Deposits.
