Pakistan's central bank has said the country is scheduled to repay a total of USD 30.35 billion in maturing foreign debt and interest payment in this financial year even as the foreign debt repayments and interest payments are rising every passing year, a media repot said on Monday.
The payments over the 12 months from August 2024 to July 2025 include those significant loans which bilateral creditors roll over every year, reported the Express Tribune quoting a JS Global report, which, in turn, cited data from the State Bank of Pakistan (SBP).
The report showed that Pakistan is to repay maturing foreign debt worth USD 26.48 billion and pay another USD 3.86 billion on account of interest expense in the period.
Pakistan's repayments and interest payments are fully secured under the latest USD 7 billion IMF Extended Fund Facility (EFF) through the loan period of 37 months.
In terms of debt-to-GDP ratio, however, the foreign debt has dropped to 20.2 per cent in August 2024 from 27.6 per
