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The State Bank of Pakistan (SBP) has said that foreign loans have increased in a year

KARACHI:( reportbeat )  Pakistan’s foreign debt increased by 5.1 billion in one year.

Till December, external debt and liabilities totaled $115.7 billion compared to $112.7 billion till June-end. Total external debt and liabilities were $110.7 billion till December 2019, according to the State Bank of Pakistan (SBP).

The State Bank’s data further showed that an expansion in the EDL occurred in public as well as private sectors. A major increase in the foreign debt came from the disbursements from multilateral donors and the bilateral creditors.

The public external debt amounted to $90.5 billion as of December 31, 2020 compared with $87.8 billion till end-June. This was recorded at $87.6 billion till December-end of 2019.

The government’s external debt rose to $74.8 billion in July-December FY2021 from $70.3 billion a year earlier.

Long-term foreign debt stood at $73.9 billion at December-end, up from $68.7 billion till June-end. It amounted to $68.1 billion a year earlier.

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