Pakistan Paid About $16 Billion in Loan Interest
External debt is about $107 billion, reserves are $21.5 billion, and next year's interest is expected under $3 billion.
Pakistan has paid around $16 billion in interest on foreign loans over the past four years, averaging $4 billion annually, according to SBP Governor Jameel Ahmed. The foreign loans interest bill is his figure for the past four years, not a single-year payment.
Pakistan's external debt stands at approximately $107 billion. Foreign exchange reserves have risen to $21.5 billion. The governor expects annual interest payments to fall below $3 billion next year.
What the foreign loans figures leave for next year
The four-year total is around $16 billion, or about $4 billion a year. The forward figure is an expectation: annual interest below $3 billion next year. External debt is approximately $107 billion, and reserves are stated at $21.5 billion after a rise.
Our verdict
Jameel Ahmed's account is about $16 billion of interest over four years, roughly $4 billion a year, against external debt of about $107 billion and reserves of $21.5 billion. He expects the yearly interest bill to drop below $3 billion next year.
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Frequently asked questions
How much interest was paid?
Around $16 billion over the past four years, averaging $4 billion a year.
Who gave the figures?
SBP Governor Jameel Ahmed.
What are external debt and reserves?
External debt is approximately $107 billion. Foreign exchange reserves have risen to $21.5 billion.
What does he expect next year?
Annual interest payments below $3 billion.
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