Karachi September 6 2023: As per the data released by the State Bank of Pakistan (SBP), the government’s debt increases to record PKR 61,747.1 billion as of July 2023 compared to PKR 60,839.9 billion as of June 2023.
Country’s domestic debt increases by PKR 206.6 billion or 0.5 percent in July 2023, while short term debt decreases by 0.5 percent to PKR 9,288.9 billion during the same period.
The external debt of the country increased by 3.2 percent in July 2023 to PKR 22,731.6 billion as mainly on account of rupee depreciation. Average Pakistan Rupee depreciated by 0.1 percent during the month of July 2023 to 286.6645 in July 2023 to 286.39 in June 2023.
During the month of July 2023, government external debt increases by USD 2.37 billion to USD 79.29 billion. However, government has repaid external debt amounts to USD 5.07 billion since June 2022, according to central bank data.
Also, the outstanding position of Naya Pakistan Certificates decreased to PKR 139.0 billion as of July 2023 from PKR 142.7 billion in June 2023.
The central Government total debt also increased by PKR 907.3 billion or 1.5 percent in July to PKR 61,747.1 billion.
