Pakistan’s external debt surged by $7 billion in one year: SBP

126

KARACHI The country’s external debt has increased by $7 billion during the last one year.

According to the State Bank of Pakistan, the volume of the country’s external debt, which was Rs106 billion on June 30,2019, has surged to $113 billion on June 30, 2020, registering an increase of $7 billion.

The central bank said that the current government had taken a total of $17 billion new loan since September 2018.

Giving details of $17 billion new loan, the SBP said that the government obtained $1.07 billion from the International Monetary Fund, $1.2 billion from the commercial banks and $3.1 billion from various countries.