Pakistan's foreign debts and liabilities grew substantially by 7 percent in the closing year of 2015 to stand at $68.5 billion mainly due to different financial loans program from International Monetary Fund (IMF), different banks and financial agencies. According to statistics of State Bank of Pakistan (SBP), the country's foreign debts and liabilities increased by $4.556 billion in 2015 from 2014 and $2.073 billion in its last quarter of the closing year.
The government debt increased to $48.3 billion in the outgoing years from $ 46.8 billion. This includes loans from Paris Club, Sukuk and Euro Bonds.
The loans received by Pakistan from IMF increased to Rs4.98 billion under Extended Fund Facility (EFF) by 2015 end as compared to $3.56 billion loans standing by end of 2014. The country debs from different foreign banks increased to $3.02 billion as against of $2.25 billion. According to central bank, the country paid off $ 1.387 billion to different foreign agencies and bank on the account of its debts/loans including principal amount along with interest.
The principal amount stands at $995 million including net interest of $395 million paid off in the period of last quarter of 2015 alone in the financial year