KARACHI

The Pak Banker - - FRONT PAGE -

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

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