Pakistan's Debt and Liabilities-Summary Provisional

(In Billion Rupees)

R R R R R
Jun-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19

I. Government Domestic Debt 14,849.2 15,437.4 16,074.1 16,416.3 16,919.8 17,535.7 18,170.6
II. Government External Debt 5,918.7 6,692.5 7,269.6 7,795.8 8,122.9 9,101.1 9,625.7
III. Debt from IMF 640.8 690.9 732.7 740.8 740.7 819.0 811.2
IV. External Liabilities1 373.8 403.3 432.4 622.3 620.7 970.0 1,414.3
V. Private Sector External Debt 1,183.2 1,384.4 1,508.6 1,654.4 1,717.4 2,061.9 2,108.0
VI. PSEs External Debt 285.2 318.1 318.5 324.6 335.3 370.5 489.4
VII. PSEs Domestic Debt 822.8 888.8 996.4 1,068.2 1,128.9 1,213.3 1,378.4
2
VIII. Commodity Operations 686.5 671.9 628.1 819.7 808.9 734.3 653.6
IX. Intercompany External Debt from Direct Investor abroad 353.9 374.4 397.9 437.2 451.6 429.9 443.3
A. Total Debt and Liabilities (sum I to IX) 25,114.2 26,861.7 28,358.3 29,879.2 30,846.2 33,235.7 35,094.5
B. Gross Public Debt (sum I to III) 21,408.7 22,820.8 24,076.3 24,952.9 25,783.4 27,455.9 28,607.5
C. Total Debt of the Government - FRDLA Definition3 19,635.4 20,879.2 22,059.7 23,024.0 23,692.0 25,238.2 26,368.1
D. Total External Debt & Liabilities (sum II to VI+IX) 8,755.6 9,863.5 10,659.8 11,575.1 11,988.5 13,752.4 14,891.9
E. Commodity Operation and PSEs Debt (sum VI to VIII) 1,794.5 1,878.9 1,943.1 2,212.5 2,273.1 2,318.1 2,521.4
Guaranteed Debt & liabilities 813.8 826.1 790.0 987.9 975.0 919.6 959.6
Non-guaranteed Debt & liabilities 980.7 1,052.8 1,153.0 1,224.6 1,298.1 1,398.5 1,561.7

As percent of GDP
Total Debt and Liabilities 78.6 78.1 82.4 86.9 80.2 86.4 91.2
Gross Public Debt 67.0 66.3 70.0 72.5 67.0 71.4 74.4
Total Debt of the Government - FRDLA Definition 61.4 60.7 64.1 66.9 61.6 65.6 68.5
Total External Debt & Liabilities 27.4 28.7 31.0 33.7 31.2 35.7 38.7
Commodity Operation and PSEs Debt 5.6 5.5 5.6 6.4 5.9 6.0 6.6
Guaranteed Debt & liabilities 2.5 2.4 2.3 2.9 2.5 2.4 2.5
Non-guaranteed Debt & liabilities 3.1 3.1 3.4 3.6 3.4 3.6 4.1

Government Domestic Debt 46.5 44.9 46.7 47.7 44.0 45.6 47.2

Memorandum Items FY17R FY18P FY18P FY18P FY19T FY19T FY19T

GDP (current market price)4 31,962.6 34,396.5 34,396.5 34,396.5 38,474.0 38,474.0 38,474.0
Government Deposits with the banking system5 1,773.3 1,941.6 2,016.6 1,928.9 2,091.4 2,217.7 2,239.4
US Dollar, last day average exchange rates 104.8861 110.4328 115.5052 121.5405 124.2374 138.7921 140.7008
1 External liabilities include Central bank deposits, SWAPS, Allocation of SDR and Non resident LCY deposits with central bank.
2 Includes borrowings from banks by provincial governments and PSEs for commodity operations.
3 As per Fiscal Responsibility and Debt Limitation Act, 2005 (FRDLA) amended in June 2017, "Total Debt of the Government" means the debt of the government (including the
Federal Government and the Provincial Governments) serviced out of the consolidated fund and debts owed to the International Monetary Fund (IMF) less accumulated
deposits of the Federal and Provincial Governments with the banking system.

4 PBS, GDP(mp) revised estimate for FY17, provisional for FY18 and Annual Plan GDP(mp) target for FY19
5 Accumulated deposits of the Federal and Provincial Governments with the banking system.
P: Provisional , R: Revised, T: Target
Notes:-
1. For conversion into Pak Rupees from US Dollars, last day average exchange rates prepared by Domestic Markets & Monetary Management Department have been used for
stocks.
2. SBP enhanced coverage & quality of external debt statistics w.e.f March 31, 2010. For revision study see link:
http://www.sbp.org.pk/ecodata/Revision-EDS.pdf
3. As part of annual revision of IIP 2017, data from Dec 31, 2017 to Dec 31, 2018 has been revised.
4. The data has been revised by incorporating the private sector loans channeled through permissible offshore accounts. The revision study of external sector statistics is
available at link:
http://www.sbp.org.pk/departments/stats/Notice/Rev-External-Sector.pdf

Contact Person: Iftikhar Ali Khan

Designation: Sr. Joint Director
Email: iftikhar.ali@sbp.org.pk
Phone: 021-32453682
Fax# 021-99221572
Feedback: http://www.sbp.org.pk/stats/survey/index.asp