Govt seeks Rs32 trillion in loans for FY2024-25
Success of this borrowing plan is contingent upon the timely approval of the IMF loan and rollover by China
Govt borrowing from banks drops 78% in first month of FY2024-25
Some relief on the domestic debt servicing burden as bank borrowing recorded Rs 145 billion
Pakistan faces $24.8 billion in external debt repayments for FY25
External obligations include $21.2 billion in principal repayments and $3.6 billion in interest.
Govt contains fiscal deficit at 6.8% of GDP in FY2023-24
Windfalls from petroleum levy and central bank profits, combined with reduced development expenditure, helped manage the fiscal deficit.
S&P maintains Pakistan’s rating with stable outlook amid dependence on foreign aid
Concerns over high inflation, political instability, and debt obligations highlighted
Fitch upgrades Pakistan’s rating to ‘CCC+’ from ‘CCC’
Country’s large funding needs leave it vulnerable if it fails to implement challenging reforms, warns rating agencyÂ
Pakistan seeks Chinese institutional investors’ cooperation for Panda Bonds
Finance Minister Aurangzeb briefs top Chinese officials on government’s reform agenda and engagement with IMF
Pakistan’s economy remains fragile amid external shocks, reports BMI
Political instability could derail economic recovery, with the potential for protests and disruptions to economic activity, forecasts Fitch Solutions companyÂ
Pakistan, IMF reach staff-level agreement on $7 billion Extended Fund ArrangementÂ
Agreement is subject to approval by the IMF’s board and the timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners
Govt raises Rs908 billion through T-Bills, PIBs sale
Borrowing aims to bridge financing gaps and meet high-interest payment obligations
Pakistan attracts $1.73 billion in FDI during 11MFY24
FDI recorded $270.9 million in May 2024, up from $155.7 million in the same month last year
Govt plans to borrow over $23 billion for FY2024-25Â
Borrowing included a $12 billion rollover of bilateral debt from China, KSA and UAE
Government to target lesser inflation and narrower fiscal deficit in FY25
Economy rebounded with 2.4% growth in 2023-24; growth target for FY25 set at 3.6%
Federal govt’s borrowing from banks surges by 116% due to slow foreign inflows
Significant increase in borrowing is also due to less-than-target revenue collection
Import bill surges to $17.9bn in H2FY24, reflecting eased restrictions
Following IMF directives, Pakistan's SBP eases import restrictions, causing a noticeable rise in import bills