External debt, liabilities hit historic level of $113.8bn

[Wake up Pak]

کپتان کی سربراہی میں پرانے پاکستان کی تباہی کے سفر پر رواں دواں ​

KARACHI: Pakistan's external debt and liabilities reached historical level of $113.8 billion at the end of September 2020, due to fresh borrowing from multilateral and bilateral sources on account of public debt.

The latest statistics issued by the State Bank of Pakistan (SBP) showed that the country’s foreign debt and liabilities continue to grow and surged by $945 million during the first quarter (July-Sep) of this fiscal year (FY21).

Pakistan’s total external debt and liabilities have surged to $113.803 billion as on September 30, 2020 compared to $112.858 billion as on June 30, 2020. However, as percent of GDP, total external debt and liabilities declined by some 4 percent to 41.4 percent in the first quarter of FY21.

The total stocks of debt and liabilities comprises Paris Club, Euro Sukuk global Bond, IMF loan, foreign exchange liabilities; Public Sector Enterprises (PSEs) guaranteed debt and non-guaranteed debt, banks borrowing, non-residential deposits, private sector guaranteed/non-guaranteed debt and foreign exchange liabilities and debt liabilities to direct investors.

The detailed analysis revealed that with 78 percent share, public external debt rose by one percent during the first quarter of this fiscal year. Out of total external debt and liabilities, external public debt stood at $88.938 billion in September 2020 compared to $87.885 billion end of June 2020, depicting an increase of stood at $ 1.053 billion.

During the period under review, Paris Club debt increased from $10.924 billion to $11.203 billion. However, IMF debt was slightly declined by $76 million to $7.604 billion. In addition, Public Sector Enterprises (PSEs) debt also went down from $4.9 billion to $4.77 billion.

The banks' borrowing stood at $4.356 billion and private sector debt at $11.438 billion end of September 2020. Economists said that fresh borrowing from multilateral and commercial sources has increased the external debt burden. During the period under review, the official foreign exchange reserve decreased from $12.55 billion to $12.3 billion.

Copyright Business Recorder, 2020

External debt, liabilities hit historic level of $113.8bn

KARACHI: Pakistan's external debt and liabilities reached historical level of $113.8 billion at the end of September...

www.brecorder.com

That's true but that's also the lowest increase in external debt in 5 years! Sep15-Sep16 $9.3 Bil Sep16-Sep17 $9.8 Bil Sep17-Sep18 $10.4 Bil Sep18-Sep19 $10.9 Bil Now, Sep 19 - Sep 2020, it's $6.7 Billion i.e. $4.2 Bil (39%) lower than same period last year. Source: SBP

 

[Wake up Pak]

Copied

پاکستان کی اکانمی سب سے پیچھے رہ گئی یہ پچھلے 30 سال کا ڈیٹا ہے اور ہماری اکانمی آج جس حال میں ہے اسکی وجہ پچھلے 30 سال ہیں جب باقی ممالک ترقی کررہے تھے اور ان 30 سالوں میں مسلسل حکومت کرنے والے پی پی, ن لیگ اور ق لیگ آج مشکل مالی حالات کا ذمہ دار عمران خان کو ٹھہرا رہے ہیں

 

[miafridi]

اوے بے شرمو - ابھی حکومت بیرونی دنیا سے کوؤڈ ریلیف پر ایکسٹنشن لے لے کر پیسے جمع کر رھی ہے
اصل حقیقت یہ تم لوگوں کے اپنے چاچے نے ہی لکھی ہوئی ہے

https://twitter.com/x/status/1325804329681477642 اینوے نہیں تم لوگوں کو ڈگ ڈگی پر ناچے والے باندر کہا جاتا نا

Net Reserves were Negative $17.7 billion in july 2019. So Negative 3 billion or something is a huge improvement over last year.

Now why it was Negative $17.7 billion in July 2019? It was because your favorite corrupt Parchi PM Nawaz Sharif gave Pakistan a current account deficit of around $20 billion while having less than $10 billion forex reserves, so obviously any govt assuming power had to fill the gap through borrowing or face default and the borrowing also meant that your reserves will go into the negative territory because you required double the amount you had in your pocket.

 

[HIDDEN]

جب شرم نہ ہو تو بندا آپ کی طرح سے ٹھیٹھ ہوے کے آتا ہے

Waisay main ne aap ki disrespect nahi ki thi lekin aap tehray PMLN ke himayati, tou expectation rakhni chahiey thi kuchh ishi tarha ki bakwas ki.

I wonder why you had put a graph showing increase from 2018.. why not of last 10 years that include PMLN tenure. OK, let me put it here and see if you have any sharam remaining:

Do you see a NASA rocket kinda flight starting 2015? Towards the end of PMLN tenure, this flight really went on a warp drive.

I hate to say this, but PMLN performed well below PPP.. a party that's known for its incompetence. However, as I said and is evident from this graph, PMLN has beaten PPP in incompetence.

Your party didn't just leave a whopping near $100 billion external debt, but you also left a huge current and trading account deficit too. In the beginning of PTI's tenure, there was a point when government was fiding it difficult to pay salaries to government employees.

And if you are thinking that an yearly deficit of $25 Billion could've been addressed easily by our foriegn exchange reserves, then just see how PMLN ate up the reserves towards the end of its tenure:

Have you seen this kind of incompetence before? How do you think PTI government fullfilled its commitments without taking further external loans?

You guys didn't leave enough money in account, you made a huge loss on your foriegn trade, and you took loans in 2016 with a three year grace period so that their first repayments start in 2018/19.. in the process, you artificially inflated the reserves in 2016 while leaving the mess for the next government to handle.

Man, you guys need good education to understand the gimmicks of Mr. Ishaq Dollar.. you and I will die one day.. but think about our future generations who are not privileged enough to settle in west like Sharifs or Dars have settled. Think about your children if you want to bring them up in your home country.. and stop spreading lies and propaganda.
Resident Evil miafridi AZ1 ahameed

 

[RajaRawal111]

جی ٹھیک ھے 38 ہزار منفی ہائیڈل کیپیسٹی کر لیں، یہ حقیقت ہے کہ 22 ہزار کی ٹرانسمیشن کیپیسٹی کے ساتھ 40 ہزار کی جینیریشن کیپیسٹی حماقت ھے اور یہ بھی حقیقت ہے کہ جب ن لیگ کے دور میں لگائے گئے سارے پراجیکٹس مکمل ہو جائیں گے تو کیپیسٹی چارجز میں 600 سے 700 ارب سالانہ اضافہ ہو جائے گا۔۔۔۔ اس سب کے باوجود کسی کو گردشی قرض بڑھنے کی وجہ سمجھ نہ آئے تو ہھر اللہ ہی حافظ ہے

I seriously doubt your education and understanding. Manjor reason on circular debts is subsidization and non recovery.
Every country keeps extra generation capacity and keeps the thermal plants dormant to fill in when hydel is not available.

 

[ahameed]

I seriously doubt your education and understanding. Manjor reason on circular debts is subsidization and non recovery.
Every country keeps extra generation capacity and keeps the thermal plants dormant to fill in when hydel is not available.

راجہ صاحب شاید آپ کو سمجھا نہیں سکا کہ اعتراض ایکسٹرا جینیریشن کیپیسٹی پر نہیں بلکہ کم ٹرانسمیشن کیپیسٹی پر ھے اور اس کے درمیان بہت بڑے گیپ پر ھے۔۔۔