During the meeting of the National Assembly’s Standing Committee on Economic Affairs, it was revealed that Pakistan’s external debt is more than 2 122 billion.
According to Express News, a meeting of the National Assembly’s Standing Committee on Economic Affairs was held under the chairmanship of Mir Khan Muhammad Jamali. Briefed on economic issues.
In the briefing given to the members of the Standing Committee, it was informed that the total external debt of Pakistan in June 2018 was ارب 96 billion, in 3 years the external debt increased by more than ارب 26 billion, thus now the external debt owed to Pakistan The volume is over 2 122.44 billion.
Zulfiqar Haider said that the total debt of the Paris Club is 78 3.785 billion, of which the debt is more than ارب 2.97 billion and the interest rate is 81 814 million. Relief was given. Committee member Qaiser Ahmed Sheikh inquired that when this relief was given, the dollar was Rs 50 cheaper than today, now we have to pay according to the new exchange rate, which caused loss to Pakistan.
Secretary of Economic Affairs Asad Haya-ud-Din said that more than ارب 22.37 billion has been borrowed from international financial institutions for 124 projects. Purchased a million dollars worth of vaccines.
Ayesha Ghous Pasha said that as per the promise made by the government with the IMF, a dollar of Rs. 172 or Rs. 174 is to be kept. The meeting will also be attended by officials from the Ministry of Finance and other relevant agencies.
