Pakistan paid $12.27bn foreign debt in FY2021-22: Fawad Chaudhry

ISLAMABAD: Minister for Information and Broadcasting Fawad Chaudhry on Tuesday said that the incumbent government has paid $12.27bn foreign debt this year alone, ARY News reported.

Sharing the details of the foreign debt payments from his Twitter account, Fawad said that Pakistan has paid $12.27 billion alone in the current fiscal year of 2021-22.

Foreign debt payment this year alone is $12.27bn and about same $12.5bn in FY23

Overall In PTI 5 years total debt payments would be around $55bn vs $27bn paid by PMLN in 5 years #economy

— Ch Fawad Hussain (@fawadchaudhry) December 21, 2021

Fawad Chaudhry further said that overall Pakistan Tehreek-e-Insaf (PTI) government will pay $55bn in debt payments in the five years as compared to $27bn paid by Pakistan Muslim League-Nawaz in its five-year-term.

Last week, the State Bank of Pakistan (SBP) had sared that the liquid foreign reserves in Pakistan have declined by US$90 million during the week ended on December 10.

According to details shared by the SBP, the total liquid foreign reserves held by the country stood at US$ 25,027.8 million on 10 December.