SBP RELEASES DATA ON PAKISTAN’S EXTERNAL, DOMESTIC DEBTS

[FOOLS_NIGHTMARE]

The State bank of Pakistan has released statistics regarding the external and domestic debts of the government of Pakistan until August 2021, showing that they stand at Rs39.770 trillion, ARY NEWS reported.

The SBP in a detailed statement on external and domestic debts said that the government of Pakistan currently owes a local debt of Rs26.334 trillion and foreign debt of Rs13.435 trillion.

The domestic debt in the month of August has declined by Rs491 billion as compared to the last month of July 2021, however, the external debt had jumped by Rs392 billion in August.

The SBP data shows that the external debts had increased by Rs1.003 trillion in the first two months of the ongoing fiscal year 2021-22, while the domestic debt only rose by Rs69 billion in a similar period.

Last month, the State Bank of Pakistan (SBP) said that the country’s debt has soared to Rs38,697 billion in June 2021 with most of it being acquired from local financial sources.

According to details shared by the SBP, the debt owed by the federal government has increased by 10 percent annually and currently stands at Rs38,697 billion in June this year.

It said that 68 percent of the loans have been acquired from national sources while 32 percent was obtained using foreign funding. “The long term debt stands at 12,297 billion, whereas short term loan is Rs135 million,” the central bank shared.

It further added that Rs15,457 billion has been obtained after the sale of bonds while investment bonds also garnered Rs14,590 billion.

SBP releases data on Pakistan's external, domestic debts

KARACHI: The State bank of Pakistan has released statistics regarding the external and domestic debts of the government of Pakistan until August 2021,

arynews.tv

 

[Imran Khan]

78,613,223,125 USD

 

[Aesterix]

78,613,223,125 USD

Equal to just about two annual budgets.
Not sure if it's a good thing or bad thing.
I still miss general Zia sra when there was no debt on Pakistan.

 

[SD 10]

Equal to just about two annual budgets.
Not sure if it's a good thing or bad thing.
I still miss general Zia sra when there was no debt on Pakistan.

pakistan had no debt than???? what?

 

[Aesterix]

pakistan had no debt than???? what?

No.
It was like 10% of national budget or less.
Debt accumulation happens due to politicians deciding to take expensive loans with high interest rates. Of course they get kickbacks.
Military general doesn't do that.
Musharraf era was similar, national debt decreased instead of increasing.
Then came democracy.

 

[Flight of falcon]

@FOOLS_NIGHTMARE is like the neighbourhood khala……

standing Behind the curtain and looking and waiting for the bad news from any house to spread in the entire neighbourhood…… even if she had to twist, manipulate and lie

 

[Turingsage]

I still miss general Zia sra when there was no debt on Pakistan.

Thank the Saudis who were then on a mission of Islamising a Islamic country by opening a and funding the string of Madrasa's with oil money

Musharraf era was similar, national debt decreased instead of increasing.

Again like Zia but this time train loads of dollars curtesy of the USA

he image will give you an India how obsessed Indians are with Pakistan, even if our esteem Indian Members say otherwise.

8 out of 10 are Indian News Media. Dunya seems to be the only Pakistani News outlet.

There are thousands of Indian newspapers and Hundreds of TV stations.
Your press covers Changes in the Indian army command

 

[Aesterix]

Thank the Saudis who were then on a mission of Islamising a Islamic country by opening a and funding the string of Madrasa's with oil money


Again like Zia but this time train loads of dollars curtesy of the USA

Kids like you who were not born or too young , at that time don't remember and don't understand the dynamics of that era. Yet pretend to be the know all and the judge and jury.

 

[Crimson Blue]

I still miss general Zia sra when there was no debt on Pakistan.

The tradition of short term loans with high interest started in early 1980's. That's when Pakistan 1st went into IMF programme in 1983.

Ghulam Ishaq Khan & Mahbub ul Haq were the architects of first IMF programme.

 

[Aesterix]

Did the Saudi's not pump Billions ?
Didnt the Us also pump Billions ?

Whenever the smell of Dollars is in the air, up pops a general to "save" Pakistan.
When the smell fades the Generals arrange an acceptable "Democratically elected" face to deal with the IMF WB Aid agencies ADB etc
The world knows who is charge behind the chair

Saudis are Pakistan's real friends and always helped.
They also helped in building Madressahs in the 80s which housed , fed and educated the hundreds of thousands of Afghani war orphans .
Instead of following the western system of some orphanage, those madressahs were our way of doing it better.
It worked perfectly and got full public support as Pakistani people and Muslims from all over the world, specially Saudis financially supported the sustainability of those madressahs.
The American aid for Afghani refugees was less than 100 usd per refugee per year , which was nowhere near as enough money to feed , cloth and house them. Those Saudi built madressahs did a great job at that.

Iranian propaganda through imam bargahs is still rampant in Pakistan, turning good deeds of Saudis into evil and brainwashing Pakistanis into hating Saudis. But that's Iranian grudge against Saudis, and we Pakistani should not become a vessels of Iranian propaganda.

The tradition of short term loans with high interest started in early 1980's. That's when Pakistan 1st went into IMF programme in 1983.

Ghulam Ishaq Khan & Mahbub ul Haq were the architect of first IMF programme.

General Zia had a system of Islamic banking system and compound interest was banned.
That made the banks to invest real money in real projects, to generate real profits, instead of just playing with numbers as banking system on compound interest does.
That was the main strength of Pakistani economy back then.

 

[Silverblaze]

Saudis are Pakistan's real friends and always helped.
They also helped in building Madressahs in the 80s which housed , fed and educated the hundreds of thousands of Afghani war orphans .
Instead of following the western system of some orphanage, those madressahs were our way of doing it better.
It worked perfectly and got full public support as Pakistani people and Muslims from all over the world, specially Saudis financially supported the sustainability of those madressahs.
The American aid for Afghani refugees was less than 100 usd per refugee per year , which was nowhere near as enough money to feed , cloth and house them. Those Saudi built madressahs did a great job at that.

Iranian propaganda through imam bargahs is still rampant in Pakistan, turning good deeds of Saudis into evil and brainwashing Pakistanis into hating Saudis. But that's Iranian grudge against Saudis, and we Pakistani should not become a vessels of Iranian propaganda.

General Zia had a system of Islamic banking system and compound interest was banned.
That made the banks to invest real money in real projects, to generate real profits, instead of just playing with numbers as banking system on compound interest does.
That was the main strength of Pakistani economy back then.

janab
except in ayub khans era pakistan never really developed economic strength. after bhutto destroyed economy, no one brought any structural reforms that is why during zia and even right after zia died we again had to go imf despite US support.

if u cant make ur budget without imf programs you have no strength.

structural reforms like privitization, expanding tax net by including powerful industrialists and agriculturists, better dispute resolution mechanisms, most imp bureaucratic discipline.

sadly, no one did this.

 

[Rahil khan]

No.
It was like 10% of national budget or less.
Debt accumulation happens due to politicians deciding to take expensive loans with high interest rates. Of course they get kickbacks.
Military general doesn't do that.
Musharraf era was similar, national debt decreased instead of increasing.
Then came democracy.

You need to learn much more regarding the Peaceful era's of military dictators in Pakistan !!

 

[VCheng]

The SBP in a detailed statement on external and domestic debts said that the government of Pakistan currently owes a local debt of Rs26.334 trillion and foreign debt of Rs13.435 trillion.

The size of the debt is not the primary issue. What is important is developing the ability and resources to pay them back. That is where the emphasis should be laid.

 

[Aesterix]

You need to learn much more regarding the Peaceful era's of military dictators in Pakistan !!

Yeah unlike kids like you , I lived through those eras and experienced first hand. Were excellent times.

 

[Bilal Khan (Quwa)]

78,613,223,125 USD

Instead of CPEC, imagine we asked China to consolidate all this debt (and our internal debts) in return for (1) interest-frozen annual payments and (2) automatically winning every infrastructure and power, telecom, etc contract for the next 50 years. We'll even let China tell us where we need infrastructure and how much. @SQ8 @JamD