Pakistan’s total debt increase by Rs 3,419bn in last year, reveals SBP

[muhammadhafeezmalik]

Pakistan’s total debt increase by Rs 3,419bn, reveals SBP

• As per the statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt has reached Rs 24,100 billion.

The State Bank of Pakistan (SBP) releases provisional data on Pakistan's gross debt.
According to the State Bank of Pakistan, by August 2020, the total debt of the federal government was Rs 35,659 billion, whereas, the total debt of Pakistan was Rs 32,240 billion in the same month back in 2019.

According to statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt consisting of both Long Term and Short Term has reached Rs23,535 billion. As of August 2019, Pakistan's domestic debt was Rs 21,495 billion.

It may be recalled that in the last one year, Pakistan's domestic debt has increased by Rs 2,040 billion. Meanwhile, Pakistan's external debt has reached Rs 12,123 billion in August 2020, as compared to Rs 10,745 billion in the same month last year, showing an increase of Rs 1,348 billion.

Pakistan’s total debt increase by Rs 3,419bn, reveals SBP

As per the statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt has reached Rs 24,100 billion.

www.brecorder.com

 

[TheSnakeEatingMarkhur]

Pakistan’s total debt increase by Rs 3,419bn, reveals SBP

• As per the statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt has reached Rs 24,100 billion.

The State Bank of Pakistan (SBP) releases provisional data on Pakistan's gross debt.
According to the State Bank of Pakistan, by August 2020, the total debt of the federal government was Rs 35,659 billion, whereas, the total debt of Pakistan was Rs 32,240 billion in the same month back in 2019.

According to statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt consisting of both Long Term and Short Term has reached Rs23,535 billion. As of August 2019, Pakistan's domestic debt was Rs 21,495 billion.

It may be recalled that in the last one year, Pakistan's domestic debt has increased by Rs 2,040 billion. Meanwhile, Pakistan's external debt has reached Rs 12,123 billion in August 2020, as compared to Rs 10,745 billion in the same month last year, showing an increase of Rs 1,348 billion.

View attachment 679003

Pakistan’s total debt increase by Rs 3,419bn, reveals SBP

As per the statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt has reached Rs 24,100 billion.

www.brecorder.com

And what will the figure be in Dollars ?

 

[ColonelSanders]

Isnt this because of devaluation of PKR?

 

[Chhatrapati]

Non-government debts?

 

[TheSnakeEatingMarkhur]

Isnt this because of devaluation of PKR?

The same devaluation that happened because of keeping dollar artificially low?

 

[ColonelSanders]

The same devaluation that happened because of keeping dollar artificially low?

Yes. That is what I said. Debt in terms of dollars must have gone down compared to last year.

 

[Pandora]

This is mainly bcz Dollar devalued by almost 10 Rs since last year.

 

[muhammadhafeezmalik]

Yes. That is what I said. Debt in terms of dollars must have gone down compared to last year.

This is mainly bcz Dollar devalued by almost 10 Rs since last year.

Isnt this because of devaluation of PKR?

And what will the figure be in Dollars ?

The SBP has not issued data of external debt after June, 2020.

In US$ terms it was US$ 199 billion in June 2018, US$ 204 billion in June 2019 and it was US$ 214 billion in August 2020. If we include IMF loans to Central Bank for BOP support, foreign exchange liabilities (UAE, KSA and China) it would have gone to US$ 214 billion. But we have to pay the local debt in PKR and we collect taxes in PKR too. So it is not an objection.

 

[TheSnakeEatingMarkhur]

The SBP has not issued data of external debt after June, 2020.
View attachment 679351

In US$ terms it was US$ 199 billion in June 2018, US$ 204 billion in June 2019 and it was US$ 214 billion in August 2020. If we include IMF loans to Central Bank for BOP support, foreign exchange liabilities (UAE, KSA and China) it would have gone to US$ 214 billion. But we have to pay the local debt in PKR and we collect taxes in PKR too. So it is not an objection.

Our debt is $214 Billion ? (External only? Or internal aswell)

 

[muhammadhafeezmalik]

Our debt is $214 Billion ? (External only? Or internal aswell)

Do the simple math.

Total Central Government Debt as on 30 Aug 2020 PKR 35,659.1 billion​

US Dollar, last day average exchange rates as on 30 Aug 2020 PKR 166.4174​

 

[blueazure]

does this include local debt as well?

circular debt ? borrowing from local comm banks?

 

[muhammadhafeezmalik]

does this include local debt as well?

circular debt ? borrowing from local comm banks?

Debt from local commercial banks and SBP - Yes, included.
Circular debt of energy - excluded.

 

[I S I]

wow Imran niazi wasn't wrong about tabdeeli.