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Cash-strapped Pakistan faces $100 bn External debt repayment in 4 yrs-By Sajjad Hussain ( Islamabad)

Kumar Bahukhandi
Breaking News, Economy/Business, National/International
September 21, 2024

Cash-strapped Pakistan is facing a daunting task of repaying a staggering USD 100 billion external debt over the next four years, the Government has said, an amount which is nearly 10 times its current $9.4 billion foreign exchange reserves. The USD 100 billion external debt repayments from 2024 to 2027 are exclusive of any payments on account of the liabilities booked at the balance sheet of the central bank and the requirements for financing the current account deficit, according to a report published in ‘The Express Tribune’ newspaper on Friday September 20 . “Pakistan’s external debt repayments for four years are USD 100 billion,” Minister of State for Finance Ali Pervaiz Malik said at a meeting of the National Assembly Standing Committee on Thursday September 19.

Kumar Bahukhandi

Kumar Bahukhandi is a journalist, educator and writer, and an Assistant Professor of Journalism and Mass Communication. He is the Founder and Editor of Channel24India and Editor of Prime Look – The International Research Journal and Prime Review. His writing explores human behaviour, relationships, emotions and the choices that shape everyday life. Through journalism, short stories and reflective essays, he brings together academic inquiry and a curiosity about people. Guided by the principle of “simple living and high thinking”, Kumar values authenticity, modesty and respect for every individual, regardless of status or background. He believes in remaining true to himself, listening to his inner voice and finding meaning in ordinary experiences.

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