The document summarizes the outstanding domestic debt and liabilities of public sector enterprises in Pakistan as of June 2022. It shows that total PSE debt and liabilities increased 6.5% year-over-year to PKR 1,754.5 billion, accounting for 2.6% of GDP. PSE debt alone grew 2.9% to PKR 1,503.8 billion, or 2.1% of GDP. However, PSE debt declined 3% between December 2021 and June 2022 to PKR 1,393.4 billion while PSE liabilities increased 39.4% to PKR 361.1 billion over the same period.
The document summarizes the outstanding domestic debt and liabilities of public sector enterprises in Pakistan as of June 2022. It shows that total PSE debt and liabilities increased 6.5% year-over-year to PKR 1,754.5 billion, accounting for 2.6% of GDP. PSE debt alone grew 2.9% to PKR 1,503.8 billion, or 2.1% of GDP. However, PSE debt declined 3% between December 2021 and June 2022 to PKR 1,393.4 billion while PSE liabilities increased 39.4% to PKR 361.1 billion over the same period.
The document summarizes the outstanding domestic debt and liabilities of public sector enterprises in Pakistan as of June 2022. It shows that total PSE debt and liabilities increased 6.5% year-over-year to PKR 1,754.5 billion, accounting for 2.6% of GDP. PSE debt alone grew 2.9% to PKR 1,503.8 billion, or 2.1% of GDP. However, PSE debt declined 3% between December 2021 and June 2022 to PKR 1,393.4 billion while PSE liabilities increased 39.4% to PKR 361.1 billion over the same period.
Outstanding Domestic Debt of Public Sector Enterprises (PSEs)
(In Billion PKR) Provisional
Jun-22 Dec-21 Dec-22
PSEs debt and liabilities (I+II) 1,754.5 1,785.6 1,972.3 YOY Growth (in %) 6.5 6.9 10.5 As percent of GDP 2.6
I.PSEs debt 1,393.4 1,503.8 1,474.3
YOY Growth (in %) -3.0 2.9 -2.0 As percent of GDP 2.1 Water and Power Development Authority (WAPDA) 72.5 74.2 71.9 Oil and Gas Development Corporation (OGDC) 6.6 6.8 6.1 Pakistan International Airlines Corporation (PIA) 182.1 172.0 186.8 Pakistan Steel Mills Corporation 42.5 43.2 41.9 Other PSEs 1,089.7 1,207.7 1,167.5
II.PSEs Liabilities1 361.1 281.8 498.0
Memorandum Items FY22
2 GDP (current market price) 66,949.9 1. This reflects Federal PSEs borrowings from banks for commodity operations 2. As per revised GDP(MP) at current prices (base 2015-16) released by PBS. Wherever mentioned, P: Provisional , R: Revised
Contact Person: Mr. Muhammad Naeem, Sr. Joint Director