ISLAMABAD: The country’s total debt and liabilities are at Rs. 63.868 trillion as per the State Bank’s data at the end of the Q2 of the fiscal year 2022-23. The increase was observed despite a decrease in foreign debt, by $3.851 billion due to the suspension of the International Monetary Fund (IMF) program during the first half of the current fiscal year.
The data shows that Pakistan’s debt stock increased by Rs4.169 trillion to Rs.63.868 trillion during the first half of the current fiscal year.
The total debt of the nation increased from Rs. 56.764 trillion to Rs. 60.718 trillion. At the end of the first quarter, the value of debt was the same debt which is Rs 62,407 trillion. The growth since then has been quite close to 2.3%. This included the government debt, worth Rs 33.1 trillion. Moreover, it included the external debt, which was worth Rs 26.127 trillion, and the debt owed by public sector firms, which was estimated to be worth Rs 1.474 trillion.
The government raised Rs2614 billion through Pakistan Investment Bonds during the past six months, which is a portion of the total domestic debt held by the government, valued at Rs33.116 trillion. In December 2022, the total debt of Pakistan’s investment bonds reached Rs. 20.301 billion.
The GOP Ijara Sukuk’s debt stock increased from Rs 2,280 billion to Rs 2,644 billion.
For the first half of the current fiscal year, the Saving Schemes‘ (Net of Prize Bonds) financial commitments decreased from Rs. 3.208 trillion to Rs. 2,961 billion. Hence, government’s debt on T-bills reduced from Rs. 6.752 trillion to Rs. 6,091 trillion.
The government’s external debt stock raised from Rs.16.747 trillion to Rs.17.880 trillion during the first half of the current fiscal year. But in terms of PKR, it increased by Rs1.1 trillion.