Pakistan has a $27.47 billion foreign debt that needs to be paid back by November 2024, which includes interest and principal payments. The State Bank of Pakistan (SBP) is the source of this information.
When we break it down, the whole amount of foreign debt is $23.83 billion, and the total amount of interest payments anticipated between December 2023 and November 2024 is $3.64 billion.
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A large sum of $4.29 billion is due in December 2023 alone, with monthly payments of $3.47 billion coming in January and February after that. The next months—March through November—call for $19.71 billion in repayments.
Economists predict that after March 2024, the International Monetary Fund (IMF) will need to launch a new lending program. In light of the shaky status of the Pakistani economy, this new scheme would assist the government in managing its debt obligations.
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