IMF expects Pakistan’s debt to be around Rs82tr by end of ongoing financial year
The International Monetary Fund (IMF) estimates that Pakistan’s rising debt might soon reach Rs82 trillion at the end of the ongoing financial year which will end on June 30, 2024, media reports said.
The IMF staff has also assessed that the pace of accumulation of total public debt and liabilities would continue to persist, which might go up to Rs92.24 trillion in FY2024-25, reported The News International.
Pakistan and the IMF have struck a staff-level agreement by evolving consensus on the Memorandum of Economic and Financial Policies (MEFP) for presentation before the Fund’s Executive Board for release of $700 million tranche under the $3 billion Standby Arrangement (SBA) program, the newspaper reported.
The fiscal framework agreed between the two sides showed that the general government and government guaranteed debt, including the IMF’s, was estimated to rise up to Rs81.836 billion till end of June 2024, which stood at Rs77.9 trillion till end of September 2023, The News International reported.
The total public debt and liabilities stood at Rs68 trillion in FY22-23. This data on public debt and liabilities shows that it would go up by Rs11.8 trillion in the current fiscal year.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
Operation Sagar Bandhu: India sends NDRF teams, 21 tonnes of aid to cyclone-ravaged Sri Lanka
Colombo/IBNS: The Indian Air Force (IAF) on Saturday transported 21 tonnes of relief supplies, more than 80 National Disaster Response Force (NDRF) personnel, and eight tonnes of specialised equipment to Sri Lanka to support thousands displaced by severe flooding.
US: National Guard member Sarah Beckstrom, who was shot by Afghan national Rahmanullah Lakanwal, dies, announces Trump
US President Donald Trump on Thursday announced that one of the National Guard members, who was shot by a gunman in Washington DC, close to the White House, has died.
Horror in Hong Kong: Deadly fire disaster leaves 94 dead and a city in shock
The death toll in the Hong Kong high-rise housing complex blaze, one of the deadliest recorded in the region in recent times, has touched 94, media reports said.
Gunfire near White House: Two National Guard soldiers shot as Afghan national suspect arrested
Two National Guard soldiers were critically injured on Wednesday after they were shot by a gunman, identified as an Afghan national, less than two blocks from the White House, authorities said.
Latest News
Cooperative Minister inaugurates Longtharai’s Jolaibari retailers meet
Saving the Gentle Giant: How India’s Fishers Are Leading a Whale Shark Revival
Cyclone Ditwah affects Tamil Nadu: Flights cancelled, schools shut
Operation Sagar Bandhu: India sends NDRF teams, 21 tonnes of aid to cyclone-ravaged Sri Lanka
