Latest news with #PakistanEconomicSurvey2024-25
Economic Times
18-07-2025
- Business
- Economic Times
Pakistan faces $23 billion in external debt servicing this fiscal year
Islamabad: Pakistan will have to pay over USD 23 billion in external debt during the current fiscal year, which began on July 1, according to a media report. Pakistan's total debt was Rs 76.01 trillion at the end of March this year, comprising domestic debt of Rs 51.52 trillion (approx USD 180 billion) and external debt of Rs 24.49 trillion (USD 87.4 billion), according to the Pakistan Economic Survey 2024-25. The USD 87.4 billion external public debt consists of two components: government external debt and debt obtained from the International Monetary Fund (IMF).The News reported that out of the total USD 23 billion in external debt servicing in 2025-26, there are temporary deposits of USD 12 billion by friendly countries, with the expectation of securing a rollover from deposits include USD 5 billion from Saudi Arabia, USD 4 billion from China, USD 2 billion from the UAE and about USD 1 billion from Qatar. However, the country will still have to repay around USD 11 billion in external debt servicing to multilateral, bilateral creditors, international bondholders, and commercial lenders in the current fiscal situation can worsen if friendly countries refuse to grant rollovers on their deposits, which would make it compulsory for the government to make of the major payments during the current fiscal include two bond repayments of USD 1.7 billion, commercial loans of USD 2.3 billion, multilateral creditors' repayment of USD 2.8 billion from the World Bank, the Asian Development Bank, the Islamic Development Bank, and the Asian Infrastructure Investment Bank and bilateral loans repayment of USD 1.8 shows that, despite claims of an economic turnaround by the current government led by Prime Minister Shehbaz Sharif, the country is mired in local and external debts that it needs to pay annually. Currently, the debt payment is the single largest expenditure of the annual budget. Pakistan allocated Rs8.2 trillion for domestic and external debt servicing in 2025-26, which is 46.7 per cent of the total federal budget of Rs17.573 trillion.
Deccan Herald
18-07-2025
- Business
- Deccan Herald
Pakistan faces $23 billion in external debt servicing this fiscal year
Pakistan's total debt was Rs 76.01 trillion at the end of March this year, comprising domestic debt of Rs 51.52 trillion (approx $180 billion) and external debt of Rs 24.49 trillion ($87.4 billion), according to the Pakistan Economic Survey 2024-25.
News18
18-07-2025
- Business
- News18
Pakistan faces USD 23 billion in external debt servicing this fiscal year
Agency: PTI Last Updated: Islamabad, Jul 18 (PTI) Pakistan will have to pay over USD 23 billion in external debt during the current fiscal year, which began on July 1, according to a media report. Pakistan's total debt was Rs 76.01 trillion at the end of March this year, comprising domestic debt of Rs 51.52 trillion (approx USD 180 billion) and external debt of Rs 24.49 trillion (USD 87.4 billion), according to the Pakistan Economic Survey 2024-25. The USD 87.4 billion external public debt consists of two components: government external debt and debt obtained from the International Monetary Fund (IMF). The News reported that out of the total USD 23 billion in external debt servicing in 2025-26, there are temporary deposits of USD 12 billion by friendly countries, with the expectation of securing a rollover from them. Temporary deposits include USD 5 billion from Saudi Arabia, USD 4 billion from China, USD 2 billion from the UAE and about USD 1 billion from Qatar. However, the country will still have to repay around USD 11 billion in external debt servicing to multilateral, bilateral creditors, international bondholders, and commercial lenders in the current fiscal year. The situation can worsen if friendly countries refuse to grant rollovers on their deposits, which would make it compulsory for the government to make payments. It shows that, despite claims of an economic turnaround by the current government led by Prime Minister Shehbaz Sharif, the country is mired in local and external debts that it needs to pay annually. Currently, the debt payment is the single largest expenditure of the annual budget. Pakistan allocated Rs8.2 trillion for domestic and external debt servicing in 2025-26, which is 46.7 per cent of the total federal budget of Rs17.573 trillion. PTI SH NSA NSA NSA NSA view comments First Published: July 18, 2025, 13:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
18-07-2025
- Business
- Time of India
Pakistan faces $23 billion in external debt servicing this fiscal year
Islamabad: Pakistan will have to pay over USD 23 billion in external debt during the current fiscal year, which began on July 1, according to a media report. Pakistan's total debt was Rs 76.01 trillion at the end of March this year, comprising domestic debt of Rs 51.52 trillion (approx USD 180 billion) and external debt of Rs 24.49 trillion (USD 87.4 billion), according to the Pakistan Economic Survey 2024-25 . Explore courses from Top Institutes in Select a Course Category Leadership Cybersecurity Design Thinking Data Science PGDM Project Management MBA Technology Degree others Management Product Management Digital Marketing CXO Artificial Intelligence Others Data Analytics Operations Management Healthcare healthcare Public Policy Finance MCA Data Science Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details The USD 87.4 billion external public debt consists of two components: government external debt and debt obtained from the International Monetary Fund (IMF). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo The News reported that out of the total USD 23 billion in external debt servicing in 2025-26, there are temporary deposits of USD 12 billion by friendly countries, with the expectation of securing a rollover from them. Temporary deposits include USD 5 billion from Saudi Arabia, USD 4 billion from China, USD 2 billion from the UAE and about USD 1 billion from Qatar. Live Events However, the country will still have to repay around USD 11 billion in external debt servicing to multilateral, bilateral creditors, international bondholders, and commercial lenders in the current fiscal year. The situation can worsen if friendly countries refuse to grant rollovers on their deposits, which would make it compulsory for the government to make payments. Some of the major payments during the current fiscal include two bond repayments of USD 1.7 billion, commercial loans of USD 2.3 billion, multilateral creditors' repayment of USD 2.8 billion from the World Bank, the Asian Development Bank, the Islamic Development Bank, and the Asian Infrastructure Investment Bank and bilateral loans repayment of USD 1.8 billion. It shows that, despite claims of an economic turnaround by the current government led by Prime Minister Shehbaz Sharif, the country is mired in local and external debts that it needs to pay annually. Currently, the debt payment is the single largest expenditure of the annual budget. Pakistan allocated Rs8.2 trillion for domestic and external debt servicing in 2025-26, which is 46.7 per cent of the total federal budget of Rs17.573 trillion.
Business Recorder
11-07-2025
- Business
- Business Recorder
PM orders urgent overhaul of National Tariff Commission
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed an urgent overhaul of the National Tariff Commission (NTC) as part of a wider strategy to modernise the country's trade policy and shift the focus towards export-led growth. The directive came during a high-level meeting chaired by the prime minister to review the Commission's performance, which was attended by senior government officials. The prime minister called for a complete restructuring of the NTC, the government body responsible for overseeing customs duties, emphasising the need to strengthen its legal, administrative, and institutional capacity. PM Shehbaz orders urgent reorganization of National Tariff Commission According to a statement issued by the Prime Minister's Office, Sharif stressed that the NTC must be 'restructured along modern lines to fulfil its mandate effectively.' He noted that the Commission should possess robust capabilities for collecting and analysing data on domestic business conditions as well as global trade flows. Sharif also ordered a third-party review of the Commission's recent performance, underlining the importance of aligning the body with the evolving needs of the country's new tariff regime. The decision follows the unveiling of the 2025-26 federal budget, which includes plans to lower the country's overall tariff regime by more than four percentage points over the next five years. Under the new National Tariff Policy 2025-30, the government aims to eliminate additional customs and regulatory duties, along with phasing out the fifth schedule of the Customs Act, 1969. The revised tariff structure will include four duty slabs, ranging from 0% to a maximum of 15%. The NTC plays a pivotal role in shaping the country's trade policy. Customs duties are projected to contribute around 6% of total tax revenues in the upcoming fiscal year, according to the Pakistan Economic Survey 2024-25. While a modest share, the duties remain politically sensitive, particularly for domestic industries seeking protection from cheaper imports. The prime minister also directed that the Commission's appellate tribunal be made operational without delay. He underscored the importance of building an independent research capacity within the NTC to better address the challenges faced by local industries. Copyright Business Recorder, 2025
