External Debt in Pakistan
Pakistan - External DebtThe economy remains on feeble footing. The rupee fell to record lows after the announcement of the IMF’s bailout package in May, which was accompanied by a push from the Fund for the Central Bank to adopt a more market-determined exchange rate. Moreover, merchandise exports contracted in March and April, while the latest data suggests the agricultural and industrial sectors continue to struggle. However, more positively, the current account deficit markedly improved in July 2018–April 2019. On the fiscal front, the government unveiled its FY 2020 budget on 11 June, which presented an ambitious revenue target, in an effort to shore up fiscal stability, while featuring other IMF-friendly policy adjustments, including the withdrawal of tax incentives for export sectors. The government also slashed its growth estimate for FY 2020 to the slowest rate since the global financial crisis.
Pakistan - External Debt Data
|External Debt (% of GDP)||26.3||26.7||24.1||26.5||27.4|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan External Debt Chart
Source: State Bank of Pakistan
|Bond Yield||14.09||0.0 %||Jul 11|
|Exchange Rate||158.8||-0.05 %||Jul 11|
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