State Bank of Pakistan (SBP) Governor Jameel Ahmed has shed light on Pakistan's external debt situation and the government's plans to manage its financial obligations.
In a recent conversation with economic analysts, Governor Jameel Ahmed said discussions are underway to reschedule external debt amounting to $2 billion within the next two weeks.
Furthermore, he revealed that the government has devised a plan to roll over an additional $4 billion of debt, indicating proactive measures to address financial challenges. This strategy aims to mitigate immediate payment pressures and provide breathing room for the government to manage its financial commitments efficiently.
The SBP governor also stated that the government needs to arrange payments worth $4.8 billion in the remaining three months of the financial year.
Governor Ahmed also provided insight into Pakistan's total external financial liabilities for the fiscal year 2024, amounting to $24.3 billion. He further noted that $13.5 billion of external debt has already been paid in the fiscal year, indicating ongoing efforts to honour financial commitments and reduce the overall debt burden.
