Islamabad : Ministry of Finance on Friday clarified that total payments against external public debt during fiscal year 2017-18 were US dollars 6 billion out of which US dollars 2.4 billion have already been paid.
A spokesman of Ministry of Finance while commenting on the news item published in a section of press said that Pakistan has to pay back US dollars 6 billion to foreign creditors in the next six months, therefore, the government has to pay US dollars 3.6 billion over the remaining period of current fiscal year.
The spokesman said that external public debt repayment obligations for Pakistan are not more than an average of US dollars 5 billion per annum until 2022. Keeping in view the track record of the country, this amount of repayments should not raise any concern as
Pakistan has successfully met higher repayment obligations even with much lower volume of foreign exchange reserves in the past. Furthermore, external inflows are expected to be sufficient to meet repayment obligations, the spokesman added.
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