Pakistan's external debt increases by $4.1 billion (Rs 3.4 trillion)

[Pakistani Aircraft]

Pakistan’s debt and liabilities soar to Rs33tr

ISLAMABAD: Pakistan’s debt and liabilities skyrocketed to Rs33.3 trillion at the end of 2018 with addition of Rs3.4 trillion in just six months, reported the State Bank of Pakistan on Friday. ...

External debt and liabilities of Pakistan mounted to $99.1 billion as of December 2018, according to the central bank. ...

https://tribune.com.pk/story/1911548/2-pakistans-debt-liabilities-soar-rs33tr/

Thanks Imran Khan / Pakistan Tehrik-e-Baqwas

 

[ziaulislam]

Pakistan’s debt and liabilities soar to Rs33tr

ISLAMABAD: Pakistan’s debt and liabilities skyrocketed to Rs33.3 trillion at the end of 2018 with addition of Rs3.4 trillion in just six months, reported the State Bank of Pakistan on Friday. ...

External debt and liabilities of Pakistan mounted to $99.1 billion as of December 2018, according to the central bank. ...

https://tribune.com.pk/story/1911548/2-pakistans-debt-liabilities-soar-rs33tr/

Thanks Imran Khan / Pakistan Tehrik-e-Baqwas

Mostly add due to devaluation
The no. To look for will be fiscal deficit
Which is the amount if loan added and CAD which dictates foreign loans

If PTI bring it from 6.6 to 4.0 that will big achievement
Loans will always be added and is not bad thing if pace of development/GDP growth/revenues is faster than loans

The problem wss it wasnt, in last yesr growth was 5.2 but deficit was 6.6

With growth of 5 the deficit should not exceed 3-4% as revenues are not added at the pace

Other issue is once you spend more you cant bring down your spending it has to be revenues

Last figure is GDP to debt ratio and primary deficit of federal govt

Both of them need to settle at 65ish before PTI govt ends it stands at 76%

 

[Menace2Society]

You can't fix a dysfunctional economy like yours which has been eroding for decades overnight. Give Imran 5 years and then see how you will rise.

 

[Pakistani Aircraft]

Mostly add due to devaluation
The no. To look for will be fiscal deficit
Which is the amount if loan added and CAD which dictates foreign loans

If PTI bring it from 6.6 to 4.0 that will big achievement
Loans will always be added and is not bad thing if pace of development/GDP growth/revenues is faster than loans

The problem wss it wasnt, in last yesr growth was 5.2 but deficit was 6.6

With growth of 5 the deficit should not exceed 3-4% as revenues are not added at the pace

Other issue is once you spend more you cant bring down your spending it has to be revenues

Last figure is GDP to debt ratio and primary deficit of federal govt

Both of them need to settle at 65ish before PTI govt ends it stands at 76%

Don't now what you're blabbering on about. All I see is the figure in red, $99.1 billion.

 

[ziaulislam]

Don't now what you're blabbering on about. All I see is the figure in red, $99.1 billion.

Well.."jasia awaam wasay raja"

Simple term if u take 10rs loan very day to run ypur affair you dont stop eating but look to increase revenues and decrease your spendings slowly to balance the books

Govt is due 16 b financing requirements, less than 21b last year..so 5b difference was made.

This also means that loan will go up by at least 10b $ this year

 

[Pakistani Aircraft]

...

This also means that loan will go up by at least 10b $ this year

Tawba Astaghfwar.

 

[Skull and Bones]

Can we get three cheers for $100 billion?

 

[ziaulislam]

Tawba Astaghfwar.

This what you get for letting a govt to take so much loans for unviable projects AND KILL EXPORTS which led to requirement that was just 2 b dollars to 20b dollars

And no this isnt the first time Pakistan was defaulted by Mr sharif in 1998

 

[Mugen]

This what you get for letting a govt to take so much loans for unviable projects AND KILL EXPORTS which led to requirement that was just 2 b dollars to 20b dollars

And no this isnt the first time Pakistan was defaulted by Mr sharif in 1998

I just hope we don't let these crooks walk away this time, come what ever may, we must put them down or have them suffer until the end of their lives. We should make it as miserable as possible for them, because the death and suffering of many innocent is on their hands.

 

[Pakistani Aircraft]

This what you get for letting a govt to take so much loans for unviable projects AND KILL EXPORTS which led to requirement that was just 2 b dollars to 20b dollars

And no this isnt the first time Pakistan was defaulted by Mr sharif in 1998

Oh okay. I wonder which ghulail walay were fighting who's wars that they almost bankrupted the country.

Is the Rs25 million per day Operation Radd-ul-Fasaad still active? I wonder if anyone will dare to do an audit of it?

 

[randomradio]

Can we get three cheers for $100 billion?

It says "at the end of 2018", so it should have already crossed it by now.

 

[Skull and Bones]

It says "at the end of 2018", so it should have already crossed it by now.

Hip hip hurray!! Whoop whoop

 

[maithil]

4 billion USD is nothing. Just yesterday IK govt signed MOU worth 20 billion with Saudis. #thinklikeyouthia

Can we get three cheers for $100 billion?

Should have crossed by now. Wonder if 8 billions from Saudi/UAE/ China is included in this figure. If not, then Overall debt might be approaching 110 billion .

 

[countryman]

ISLAMABAD: Pakistan’s debt and liabilities ... central bank.

Abstract:
1. Current account deficit under previous Govt policies was expected to be around $28-$32 (using linear regression)
2. Current account deficit under current Govt Policies is expected to be about $12-14 Billion, I pray for lower.
3. Amount used in funding Current account deficit benefits only small percentage of population but is payment burden is shifted to entire population.

Details:
Don't worry, there are much more people who understand these things as compared to past. I wouldn't advocate PLMN, PTI, PPP or anyone else but the situation or plan that would help my country flourish. PMLN deliberately set the economy on collision path in their last 2.5 years in Govt. Current account deficit might have touched $30 billion if Govt had not changed it policy of borrowing and instead of $4.1 (as OP quoted), Pakistan would have to borrow at least $25-26 Billion in current year. Can you imagine the magnitude of debt increase in one year - who would have given us such hefty debt with no strings attached - we would have to sell our country to run it for another year. Luckily Imran Khan was able to secure some financing from Arab countries, if it was PMLN we would not have got that either and we might have ended up in very desperate situation.

Whatever current Govt is doing is best mix in my view. Borrowing to fill the current account deficit isn't good choice at all because this is amount that will be just gone and burden will be shifted to people who never used it (exactly like we're Paying for PMLN's wrong policy of borrowing), but what other choice current Govt had? The other choice was to immediately balance the current account by devaluation of PKR further - that would have made the situation even worse by shifting all burden to public at once, even big business might have hard time securing funds. If their predecessors were sincere to country than to their politics - they would have adjusted dollar to PKR value in their tenure instead of holding it. I think it was hard choice - if you really understand economy - think of current situation with unbiased mind.