External debt servicing to be 25pc more than a year ago says: SBP report

A State Bank of Pakistan (SBP) report released recently has said that Pakistan’s external debt servicing will be 25pc higher than a year ago The report also cited that the country’s external debt servicing had risen to $5b by the end of April 2017 and in 2015-16 it had amounted to $5.3b.

SBP report further mentioned that the debt servicing in the third quarter amounted to $2.22b in comparison to $1.22b in the second quarter. The current deficit has also been growing reaching $7.2b in July-April 2016-17 which along with external debt servicing and falling remittances will pressurize the economy further.

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