Pakistan's total outstanding external debt and liabilities against the level of foreign exchange reserves available to service it.
Pakistan's total outstanding external debt and liabilities against the level of foreign exchange reserves available to service it.
▸External Debt rose 12.9% over the selected period — from 122B USD to 138B USD.
▸Reserves fell 1.2% over the selected period — from 17.49B USD to 17.27B USD.
▸Over this period, External Debt and Reserves showed little consistent relationship, moving in the same direction (correlation coefficient: 0.27).
Sources: SBP & SBP EasyData
A rising debt stock against flat or falling reserves signals growing repayment pressure relative to the buffer available to meet it — one of the most closely watched solvency signals for an emerging-market economy.
Where does the external debt figure come from?
SBP's published quarterly "External Debt and Liabilities — Outstanding" workbook, total of all public and private external debt and liabilities (categories A through E). This is the debt stock, not annual debt servicing payments.
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