Federal Minister for Economic Affairs, Muhammad Hammad Azhar Tuesday said that net increase in total external debt and liabilities was $10 billion in 2018-19 compared to around $13.3 billion in 2017-18. According to a tweet of Hammad Azhar, net increase in total external debt and liabilities was approximately $13.3 billion in fiscal year 2017-18 compared to $10 billion in fiscal year 2018-19.
Net increase in external public debt stock of Pakistan in fiscal year 2018-19 was approximately $2.5 billion against $8.6 billion in 207-18. Further External Debt Repayment + Services were $9.1 billion in fiscal year 2018-19 against $5.8 billion in 207-18. The government has estimated foreign assistance of Rs 3.032 trillion for 2019-20 against Rs 1.118 trillion budgeted for the last fiscal year which had been later revised upward to Rs 1.403 trillion.
The external resources projected for 2019-20 are higher by 171.2 percent and 116.1 percent respectively when compared with budget and revised estimates of 2018-19. The government has budgeted estimates of Rs 750 billion from friendly countries for the current fiscal year. The government has budgeted Rs 484.701 billion from Saudi Arabia (Saudi oil) for the current fiscal year. The government has budgeted Rs 357.450 billion from the IMF for the current fiscal year for budgetary support.
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