AGL 6.80 Increased By ▲ 0.08 (1.19%)
ANL 9.22 Decreased By ▼ -0.53 (-5.44%)
AVN 74.20 Decreased By ▼ -1.30 (-1.72%)
BOP 5.43 Decreased By ▼ -0.01 (-0.18%)
CNERGY 4.89 Decreased By ▼ -0.06 (-1.21%)
EFERT 78.00 Decreased By ▼ -0.05 (-0.06%)
EPCL 54.70 Decreased By ▼ -0.70 (-1.26%)
FCCL 14.93 Decreased By ▼ -0.37 (-2.42%)
FFL 6.34 Decreased By ▼ -0.14 (-2.16%)
FLYNG 7.12 Decreased By ▼ -0.03 (-0.42%)
GGGL 10.56 Increased By ▲ 0.01 (0.09%)
GGL 16.43 Decreased By ▼ -0.12 (-0.73%)
GTECH 8.21 Decreased By ▼ -0.21 (-2.49%)
HUMNL 6.35 Decreased By ▼ -0.06 (-0.94%)
KEL 2.95 Decreased By ▼ -0.04 (-1.34%)
LOTCHEM 28.60 Decreased By ▼ -0.25 (-0.87%)
MLCF 27.80 Decreased By ▼ -0.50 (-1.77%)
OGDC 75.30 Decreased By ▼ -0.20 (-0.26%)
PAEL 15.80 Increased By ▲ 0.26 (1.67%)
PIBTL 5.60 Increased By ▲ 0.24 (4.48%)
PRL 17.22 Decreased By ▼ -0.10 (-0.58%)
SILK 1.06 Increased By ▲ 0.01 (0.95%)
TELE 10.30 Decreased By ▼ -0.20 (-1.9%)
TPL 8.00 No Change ▼ 0.00 (0%)
TPLP 20.80 No Change ▼ 0.00 (0%)
TREET 22.60 Decreased By ▼ -0.40 (-1.74%)
TRG 128.85 Increased By ▲ 6.15 (5.01%)
UNITY 22.50 Decreased By ▼ -0.08 (-0.35%)
WAVES 12.00 Increased By ▲ 0.70 (6.19%)
WTL 1.13 Decreased By ▼ -0.01 (-0.88%)
BR100 4,100 Decreased By -4 (-0.1%)
BR30 15,533 Increased By 64.6 (0.42%)
KSE100 41,129 Increased By 114.8 (0.28%)
KSE30 15,337 Increased By 24.6 (0.16%)
Follow us

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s external debt to reach $138.568 billion in 2022-23 up from $129.574 billion in 2021-22.

The IMF in its report “2021 article IV consultation, sixth review under the extended arrangement under the extended fund facility, and requests for waivers of applicability and non-observance of performance criteria and re-phasing of access” has projected Pakistan’s public debt at 86.7 percent of GDP for 2021-22 compared to 88.2 percent for 2020-21.

The country’s domestic debt has been projected at Rs28.244 trillion for 2021-22 and Rs29.901 trillion for 2022-23.

The report noted that over the near-term horizon of the debt sustainability analysis (DSA) public debt levels are lower than projected at the time of the second-fifth reviews in March 2021, and they continue to be on a clear downward path.

This owes mainly to (i) an upward revision to fiscal year 2021 real growth from 1.5 percent to 3.9 percent, and (ii) a stronger exchange rate path (around 7.5 percent revision at end-fiscal year 2021).

Total debt is estimated at 88.6 percent of GDP at end-June 2021 (4.6 percentage points lower than at end-fiscal year 2020), reversing the increase associated with the COVID-19 crisis and falling below end-fiscal year 2019 levels before the start of the EFF programme.

The trajectory of debt is expected to continue to decline to 70.4 percent of GDP by end-fiscal year 2026, supported by a favourable interest rate-growth differential outlook, and fiscal adjustment efforts in the context of the EFF programme.

Copyright Business Recorder, 2022

Comments

Comments are closed.