Referring to news reports in a section of media on Friday wherein it is stated that Pakistan has to pay
back $6 billion to foreign creditors in the next six months, the spokesman of
the Finance Division clarified that total payments against external public debt
during fiscal year 2017-18 were US$ 6 billion out of which US$ 2.4 billion have
already been paid. Therefore, the government has to pay US$ 3.6 billion over
the remaining period of current fiscal year.
The spokesman said that external public debt repayment obligations for Pakistan
are not more than an average of US$ 5 billion per annum until 2022. Keeping in
view the track record of the country, this amount of repayments should not
raise any concern as Pakistan has successfully met higher repayment obligations
even with much lower volume of foreign exchange reserves in the past.
Furthermore, external inflows are expected to be sufficient to meet repayment
obligations, the spokesman added.
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