ISLAMABAD:
The caretaker government, during its brief two-and-a-half-month tenure, estimated that Pakistan’s overall external debt servicing obligation would be $9.3 billion in the current fiscal year, which was slightly less than the gross official foreign currency reserves held by the State Bank of Pakistan (SBP).
The $9.3-billion external debt repayment and servicing requirement underscores the challenges the new Pakistan Tehreek-e-Insaf (PTI) government will face in arranging funds to meet the obligation.
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