External loans from the Pakistan Tehreek-e-Insaf (PTI) government reached 33 33 billion.
From July 2018 to March 2021, the PTI government received a total of .9 32.9 billion in external debt, including Eurobonds. 76% of loans (25 25 billion) were taken to support the budget and balance of payments.
The Institute of Policy Reforms has analyzed the 20-year trend of foreign debt till the financial year 2019-20 in its report.
The Express Tribune has extended the foreign debt data to March 2021, with the aim of revealing the current government’s figures. SBP figures show that the government increased external debt by 15 15 billion, meaning that the rest of the debt was spent on repaying other debts. The government has borrowed 10. 10.3 billion over the past nine months, including loans through Eurobonds.
The IPR report says that the biggest problem facing the Pakistani economy is the repayment of foreign loans and the payment of interest on them. Despite the large amount of payments, the debt burden continues to grow. Used to support balance of payments, external debt becomes a burden.
According to the IPR, the economy is on the verge of bankruptcy with limited exports due to the current low growth rate due to heavy foreign debt as most of the government revenue goes to loans and interest payments on them. Less money is saved for development and development costs.
