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Tag: debt

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Pakistan clears $3.45 billion UAE debt as SBP makes final $1 billion payment

April 24, 2026April 24, 2026Mrs. Anjum Shahnawaz

Islamabad, April 24, 2026 – Pakistan has fully repaid $3.45 billion in deposits to the United Arab Emirates, with the State Bank of Pakistan (SBP) confirming the final $1 billion payment to the Abu Dhabi Fund for Development (ADFD) on April 23. The payment marks the completion of a two-phase repayment, following the return of […]

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Cabinet approves Rs 1.27 trillion loan to resolve circular debt

June 19, 2025June 19, 2025Mrs. Anjum Shahnawaz

Islamabad, June 19, 2025 – In a significant development aimed at addressing Pakistan’s chronic power sector woes, the federal cabinet has approved a massive Rs 1.275 trillion loan package to reduce the ballooning circular debt.

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Pakistan’s Debt Soars Beyond Rs 70 Trillion by August 2024

October 9, 2024October 9, 2024Shahnawaz Akhter

Karachi, October 9, 2024 – Pakistan’s debt burden has surged past Rs 70 trillion by the close of August 2024, according to a report released by the State Bank of Pakistan (SBP).

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Pakistan’s Total Debt Rises to Rs 69.6 Trillion by July 2024

September 6, 2024September 6, 2024Shahnawaz Akhter

Karachi – Pakistan’s total debt surged to Rs 69.6 trillion at the end of July 2024, reflecting increased borrowing from domestic and international sources to cover the country’s fiscal deficit.

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Debt Soars to Rs 69 Trillion in Pakistan: Fiscal Woes Continue

August 16, 2024August 16, 2024Shahnawaz Akhter

KARACHI, August 16, 2024 – Pakistan government debt has escalated to a staggering Rs 69 trillion by the end of June 2024, marking a significant rise over the last fiscal year, according to data released by the State Bank of Pakistan (SBP) on Thursday.

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Pakistan’s Total Debt Climbs to Rs 66.08 Trillion

June 8, 2024June 8, 2024Shahnawaz Akhter

Pakistan’s combined domestic and external debt has surged by 8.6% to reach Rs 66.08 trillion during the first ten months of the fiscal year 2023-24, according to the State Bank of Pakistan (SBP).

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Pakistan Witnesses Surge in Total Debt to Rs 62.48 Trillion by October 2023

December 6, 2023December 6, 2023Shahnawaz Akhter

Karachi, December 6, 2023 – Pakistan has recorded significant surge in the country’s total debt, reaching Rs 62.48 trillion by the end of October 2023.

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Pakistan Records 26% YoY Growth in Total Debt in 1QFY24

November 10, 2023November 10, 2023Shahnawaz Akhter

Karachi, November 10, 2023 – Pakistan has experienced a significant uptick of 26 percent in its total debt during the first quarter (July – September) of the current fiscal year 2023-24, as revealed by official data released on Friday.

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Pakistan’s External Debt Surges 39% Year-on-Year in August 2023

October 5, 2023October 5, 2023Shahnawaz Akhter

Karachi, October 5, 2023 – Pakistan’s external debt has experienced a staggering 39 percent year-on-year increase in August 2023, primarily attributed to a significant depreciation of the Pakistani rupee against the US dollar during this period.

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Pakistan – At Economic Crossroads

August 24, 2023August 24, 2023Tariq Khalique

Pakistan, a nation once celebrated for its rapid economic growth between 1960 and 1990, has found itself at a critical juncture. During those prosperous decades, it boasted an annual average growth rate of approximately 6 percent, rivaling the best-performing developing nations.

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