In the last three quarters of the fiscal year 2021-22 Pakistan has signed commitments worth $11.362 billion according to the report of Economic Affairs Division (EAD).
According to the details of the report the government has signed agreements worth USD 2,484 million with foreign commercial banks, USD 2,440 million with multilateral development partners. USD 1,397 million with bilateral development partners, USD 3,000 million as safe deposits, and USD 2,000 million committed as of Eurobonds.
The Finance Division raises funds from the international financial institutions and capital markets in the shape of foreign commercial loans and through the issuance of Eurobonds/ Sukuk to stabilize foreign exchange reserves and provide budgetary/ balance of payments support. These new commitments are the amounts of FEA which have been committed by the development partners during the observed time and are likely to be disbursed in the next five to six years.
According to the report during the period of July-March the Pakistani Government paid an amount of USD 9,436 million on account of debt servicing of external public loans. This consists of principal repayment of USD 8,137 million and interest payments of USD 1,299 million.
