Cash-strapped Pakistan faces $100 bn External debt repayment in 4 yrs

 

 

CASH-STRAPPED Pakistan is facing a daunting task of repaying a staggering USD 100 billion external debt over the next four years, the Government has said, an amount which is nearly 10 times its current $9.4 billion foreign exchange reserves. The USD 100 billion external debt repayments from 2024 to 2027 are exclusive of any payments on account of the liabilities booked at the balance sheet of the central bank and the requirements for financing the current account deficit, according to a report published in ‘The Express Tribune’ newspaper on Friday. “Pakistan’s external debt repayments for four years are USD 100 billion,” Minister of State for Finance Ali Pervaiz Malik said at a meeting of the National Assembly Standing Committee on Thursday.