The government has claimed, for the first time in history, that it has begun repaying loans before their maturity.
According to Finance Minister’s adviser Khurram Schehzad, internal debt amounting to Rs 3,654 billion was repaid early over 14 months. Taking to X (formerly Twitter), Schehzad said that internal debt of Rs3,364 billion was repaid early during the past 14 months, and today a further payment of Rs300 billion was made to the State Bank of Pakistan.
The finance adviser added that better fiscal discipline has saved the government nearly Rs850 billion in interest and debt, and the average debt maturity has increased from 2.7 years to over four years, which has strengthened the economy.
