Pakistan's foreign currency debt as percentage of the total debt in the US dollar has increased from 13.3 percent in end-June 2017 to 17.3 percent at the end of June 2018, according to a one-pager data of risk management report of Debt Policy Coordination Office of Finance Ministry. The report noted that Pakistan's external debt accounts for 17.3 percent in dollar, followed by 8.8 percent in Special Drawing Rights, 4 percentage in Japanese yen and 2.1 percentage in euro. The national debt in Pak rupee as percentage of the total debt is 67.8 percent.
The Finance Ministry Public Debt Management Report for end-June 2017 noted that currency-wise public debt in US dollar was 13.3 percent, reflecting an increase of 4 percent at the end of June 2018 as opposed to end-June 2017.
Special Drawing Right was 8.7 percent, showing an increase of one percentage from end-June 2017 to end-June 2018. However, public debt in terms of Japanese yen reflects a decrease of 0.3 percent as it decreased from 4.3 percent in end-June 2017 to 4 percent by end-June 2018.
The ministry also deals on the risk of maturity and refinancing as well as on the interest rate risks with public debt maturity in one year that may pose challenges to the country.
An official of Finance Ministry stated that average term maturity (ATM) is most important for the debt. He said that major indicator is average time maturity of the debt which is 3.5 percent of the total public debt. He said that previous government of Pakistan Muslim League-Nawaz's heavy reliance on external borrowing has piled up external debt and consequent risks for its refinancing.
Contingent liabilities on account of guarantees stocks increased to Rs 1236 billion at the end of June 2018 from Rs 936.8 billion at the end of June 2017.
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