Pakistan: Domestic External Debt Statistical Bulletin - June 2022

Transcription

1. 5 .1 Pakistan's Debt and Liabilities-Summary (End Period Stock) (Billion Rupees) Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 I. Government Domestic Debt 24,314.1 25,552.3 26,265.4 26,444.0 26,746.5 28,076.3 II. Government External Debt 11,957.8 11,289.2 12,439.0 13,825.1 14,796.5 14,918.6 III. Debt from IMF 1,193.5 1,164.9 1,161.5 1,207.1 1,188.4 1,371.0 IV. External Liabilities1 1,477.9 1,324.3 1,378.4 1,987.3 2,055.0 2,116.3 V. Private Sector External Debt 2,483.8 2,413.2 2,543.5 2,818.8 3,029.6 3,134.5 934.9 938.1 1,064.6 1,132.4 1,205.3 1,341.0 VI. PSEs External Debt VII. PSEs Domestic Debt 1,461.2 1,467.7 1,436.7 1,448.3 1,503.8 1,439.4 VIII. Commodity Operations Debt2 734.2 700.9 904.0 913.5 889.4 844.8 IX. Intercompany External Debt from Direct Investor abroad 645.7 619.3 650.7 719.5 785.0 777.4 A. Total Debt and Liabilities (sum I to IX) 45,203.1 45,470.1 47,844.0 50,496.1 51,724.6 53,544.3 B. Gross Public Debt (sum I to III) 37,465.5 38,006.5 39,866.0 41,476.2 42,731.4 44,365.9 C. Total Debt of the Government - FRDLA Definition3 33,993.0 33,725.1 35,668.5 37,143.2 38,363.0 39,882.1 D. Total External Debt & Liabilities (sum II to VI+IX) 18,693.7 17,749.1 19,237.8 21,690.3 23,059.8 23,658.8 3,130.3 3,106.7 3,405.4 3,494.3 3,598.6 3,625.2 Total Debt and Liabilities 81.0 81.5 85.7 - - - Gross Public Debt 67.1 68.1 71.5 - - - Total Debt of the Government - FRDLA Definition 60.9 60.4 63.9 - - - Total External Debt & Liabilities 33.5 31.8 34.5 - - - 5.6 5.6 6.1 - - - 43.6 45.8 47.1 - - - FY21R 55,795.5 FY21R 55,795.5 FY21R 55,795.5 - - - 3,472.5 4,281.3 4,197.5 4,333.0 4,368.3 4,368.3 - - - - 474.9 474.9 159.5918 152.6060 157.3105 170.6651 176.5191 176.5191 E. Commodity Operation and PSEs Debt (sum VI to VIII) As percent of GDP Commodity Operation and PSEs Debt Government Domestic Debt Memorandum Items GDP (current market price)6 Government Deposits with the banking system4 SBP’s on-lending to GOP against SDRs allocation5 US Dollar, last day average exchange rates Source: Statistics & Data Warehouse Department SBP 1 External liabilities include Central bank deposits, SWAPS, Allocation of SDR and Nonresident LCY deposits with central bank Includes borrowings from banks by provincial governments and PSEs for commodity operations. 3 As per Fiscal Responsibility and Debt Limitation Act, 2005 (FRDLA) amended in June 2017, "Total Debt of the Government" means the debt of the government (including the Federal Government and the Provincial Governments) serviced out of the consolidated fund and debts owed to the International Monetary Fund (IMF) less accumulated deposits of the Federal and Provincial Governments with the banking system. 4 Accumulated deposits of the Federal and Provincial Governments with the banking system 5 Less the SBP’s on-lending to GOP against SDRs allocation (SDR 1.95 billion) equivalent to PKR 474.94 billion. 6As per revised GDP(MP) at current prices (base 2015-16) released by PBS. Notes:1. For conversion into Pak Rupees from US Dollars, last day average exchange rates prepared by Domestic Markets & Monetary Management Department have been used for stocks. 2. SBP enhanced coverage & quality of external debt statistics w.e.f March 31, 2010. For revision study see link: http://www.sbp.org.pk/ecodata/Revision-EDS.pdf 3. The data has been revised by incorporating the private sector loans channeled through permissible offshore accounts. The revision study of external sector statistics is available at link: http://www.sbp.org.pk/departments/stats/Notice/Rev-Study-External-Sector.pdf 2 114
2. 5 .2 Pakistan's Debt and Liabilities Profile (Billion Rupees) End Period Stocks FY21 Q1-FY22 Q2-FY22 Q3-FY22 Pakistan's Total Debt and Liabilities (I +II) YoY Growth (in %)4 As percent of GDP I. Pakistan's Total Debt (A+B+C) YoY Growth (in %)4 As percent of GDP 47,844.0 50,496.1 51,724.6 53,544.3 7.3 85.7 45,561.6 8.2 81.7 12.6 47,595.2 11.7 - 14.4 49,255.2 14.6 - 17.8 51,058.2 17.5 - A. Government Domestic Debt B. PSEs Domestic Debt C. External Debt (a+b+c+d) a) Government External Debt b) Non-government External Debt c) Country's Debt from IMF d) Inter Company Debt. 26,265.4 1,436.7 17,859.4 12,439.0 3,608.1 1,161.5 650.7 26,444.0 1,448.3 19,702.9 13,825.1 3,951.2 1,207.1 719.5 26,746.5 1,503.8 21,004.8 14,796.5 4,234.9 1,188.4 785.0 28,076.3 1,439.4 21,542.5 14,918.6 4,475.5 1,371.0 777.4 2,282.4 (7.8) 4.1 1,378.4 904.0 2,900.9 28.9 2,944.4 33.1 2,961.0 46.2 II. Total Liabilities (D+E) YoY Growth (in %)4 As percent of GDP D. External Liabilities 1 E. Domestic Liabilities 2 - 1,987.3 913.5 - 2,055.0 889.4 2,116.3 844.8- Servicing During the Period FY21 Q1-FY22 Q2-FY22 Q3-FY22 4,561.6 2.5 8.2 854.4 (30.3) - 1,434.1 17.1 - 1,487.1 34.6 - 1,634.2 198.5 563.5 700.3 810.6 164.5 172.8 486.3 2,832.0 2,510.2 .. 321.7 208.7 89.0 24.0 95.4 36.4 59.0 136.4 25.5 36.6 0.0 635.4 565.6 … 69.8 46.4 17.5 5.9 20.4 3.0 17.4 452.1 60.3 51.1 0.0 826.6 703.4 … 123.2 85.0 32.4 5.8 44.0 27.0 17.0 629.2 32.5 38.7 0.0 750.5 636.7 … 113.8 76.0 32.3 5.5 36.3 20.2 16.1 162.2 126.7 0.0 3,445.2 (23.1) 35.5 FY21R 0.7 0.0 0.0 1,331.7 12.0 0.7 - 46.4 46.4 0.0 1,794.6 57.8 0.0 474.94 30.8 30.8 0.0 789.3 (31.3) 0.0 474.9 GDP (mp)6 55,795.5 US Dollar, last day average exchange rates 157.3105 170.6651 176.5191 183.5146 US Dollar, during the period average exchange rates 160.2855 164.5581 174.4506 177.4537 Total Debt and Liabilities Servicing (III+IV+V) YoY Growth (in %)4 As percent of GDP III. Principal Repayment of External Debt and Liabilities (e+f+g+h) 3 (e) Government External debt and Liabilities (f) Non-government External debt (g) Country's Debt from IMF (h) Monetary Authorities external Liabilities IV. Interest Payment on debt (i+j+k) (i) Government Domestic Debt (j) PSE Debt (k) External Debt Government External debt Non-government External debt Country's Debt from IMF V. Interest Payment on Liabilities (l+m) (l) External Liabilities (m) Domestic Liabilities Memorandum Item Servicing (Principal) Short Term (Excluding item "c" given below) a) Government External Debt b) PSEs Non-Guaranteed Debt c) Scheduled Banks Borrowing Net Flows 4 d) Private Non-Guaranteed Debt SBP’s on-lending to GOP against SDRs allocation5 Source: Statistics & Data Warehouse Department SBP 1 External liabilities include Central bank deposits, SWAPS, Allocation of SDR and Nonresident LCY deposits with central bank. 2 Includes borrowings from banks by provincial governments and PSEs for commodity operations. 3 As per the guidelines available in IMF's External Debt Guide for Compilers and Users 2003, the principal repayment of short-term debt is excluded from over all principal repayments. However, for the information of data users, short-term repayment of principal has been reported as Memorandum Items. For details see link: http://www.sbp.org.pk/departments/stats/Notice/Press%20Release-external%20debt-_Revised_.pdf 4 Net flows of short term borrowings by banks reflect the net increase (+) or decrease (-) in the stock of short term bank borrowings during the period. 5 Less the SBP’s on-lending to GOP against SDRs allocation (SDR 1.95 billion) equivalent to PKR 474.94 billion. 6As per revised GDP(MP) at current prices (base 2015-16) released by PBS. Notes: 1. SBP enhanced coverage & quality of external debt statistics w.e.f March 31, 2010. For revision study see link: http://www.sbp.org.pk/ecodata/Revision-EDS.pdf 2. Debt and liabilities show end-period outstanding stock positions and debt servicing reflects principal and interest payments during the period. 3. For conversion into Pak Rupees from US Dollars, last day average exchange rates prepared by Domestic Markets & Monetary Management Department have been used for stocks and during the period average exchange rates for debt servicing. 4. YoY growth external debt and liabilities stocks and servicing is based on the corresponding last year-end period stocks and during the period servicing, respectively. 115
3. 5 .3 Government Domestic Debt and Liabilities End period position (Billion Rupees) Debt Instruments I. Permanent Debt (1+2+3+4) 1. Market Loans Federal Government 3.00 % 1971 (Permanent) Loans matured but not encashed 2. Federal Government Bonds FY-20 FY-21 Mar-21 Apr-21 Jan-22 Feb-22 P Mar-22 Apr-22 14,023.5 2.8 15,904.1 2.8 15,875.8 2.8 15,523.7 2.8 18,051.3 2.8 18,518.8 2.8 19,181.1 2.8 19,836.5 2.8 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 0.1 13,286.5 2.7 0.1 15,457.5 2.7 0.1 15,213.1 2.7 0.1 14,862.9 2.7 0.1 17,201.6 2.7 0.1 17,667.6 2.7 0.1 18,329.9 2.7 0.1 18,984.6 Public Sector - - - - - - - - Under E.R.O. 1972 .. .. .. .. .. .. .. .. .. 0.6 .. 0.6 .. 0.6 .. 0.6 .. 0.6 .. 0.6 .. 0.6 .. 0.6 Compensation Bonds1 Shah Nawaz Bhutto Sugar Mills Pakistan Engineering Company Issued at Low Yield Bonds - - - - - - - - GOP Ijara Sukuk 3 Years 198.2 665.3 636.3 636.3 1,483.3 1,550.4 1,776.3 1,913.6 Bai-Muajjal of Sukuk 201.0 201.0 201.0 201.0 128.5 49.5 23.2 23.2 5.00 % Income Tax Bonds .. .. .. .. .. .. .. .. Under Land Reforms 1977 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Govt. Bonds issued to SLIC (Capitalization) 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 Special national Fund Bonds .. .. .. .. .. .. .. .. Bearer national Fund Bonds2 .. .. .. .. .. .. .. .. .. 12,886.0 734.1 .. 14,590.0 443.7 .. 14,374.5 659.9 .. 14,024.2 658.0 .. 15,588.5 371.9 .. 16,066.3 373.4 .. 16,529.1 373.5 .. 17,046.5 374.1 Federal Investment Bonds Pakistan Investment Bonds (PIBs) 3. Prize Bonds3 4. SBP’s on-lending to GOP against SDRs allocation9 II. Floating Debt Bai Muajjal4 - - - - 474.9 474.9 474.9 474.9 5,578.3 6,680.4 6,000.0 6,150.5 5,703.9 5,523.7 5,241.6 5,577.2 .. .. .. .. .. .. .. .. 5,575.5 6,676.9 5,996.8 6,147.0 5,652.9 5,472.7 5,190.6 5,526.2 MTBs for Replenishment of Cash5 2.8 3.5 3.2 3.5 50.9 50.9 50.9 50.9 Outright Sale of MRTBs to Banks - - - - - - - - 3,673.6 3,523.5 3,645.9 3,497.9 3,651.6 3,512.1 3,642.1 3,500.2 3,608.9 3,472.7 3,614.5 3,480.7 3,608.5 3,481.8 3,456.5 3,331.4 Market Treasury Bills III. Unfunded Debt Saving Schemes (Net of Prize Bonds) Postal Life Insurance 48.5 47.2 47.9 47.4 47.2 47.2 47.2 47.2 101.5 100.8 91.7 94.5 89.0 86.5 79.5 77.9 7.2 6.7 6.5 6.6 7.5 7.5 7.8 7.9 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 .. .. .. .. .. .. .. .. US Dollar Bearer Certificates 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 FCBC 5 Years 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Special US Dollar Bonds 6.9 6.5 6.3 6.3 7.2 7.3 7.5 7.6 … 23,282.5 592.5 23,875.0 28.2 26,265.4 693.1 24,643.6 18.3 25,552.3 499.0 26,051.29 22.6 25,345.5 580.4 25,925.9 4 40.2 27,411.7 575.1 27,986.8 40.7 27,705.2 561.1 28,266.2 37.2 28,076.3 541.7 28,618.02 34.8 28,912.9 740.7 29,653.60 GP Fund* IV. Foreign Currency Loans6 Foreign Exchange Bearer Certificate FCBC 3 Years V. Naya Pakistan Certificates8 Domestic Debt (I+II+III+IV) Government Domestic Liabilities7 Government Domestic Debt and Liabilities 1. For nationalized banks, petroleum, shipping and vegetable oil. 2. Include Rollover (I, II & III). 3. Includes Premium Prize Bonds (Registered) 4. Includes Rs. 0.013 billion of Treasury Bills on Tap. 5. Includes SBP BSC, NIBAF and PSPC Tbills holding of Rs 3.4705 Billion. 6. It includes FEBCs, FCBCs, DBCs and Special US Dollar Bonds held by the residents. 7. This reflects provincial governments’ borrowings from banks for commodity operations. 8. Naya Pakistan Certificates held by resident only. 9. SBP’s on-lending to GOP against SDRs allocation (SDR 1.95 billion) equivalent to PKR 474.94 billion. 1Archive Link: http://www.sbp.org.pk/ecodata/DDArchive.xls 116 *Source: Ministry of Finance (Budget Wing)
4. 5 .4 Pakistan's External Debt and Liabilities (Million US$ End Period) 31-Dec-21 R 31-Mar-22R 31-Dec-20 31-Mar-21 30-Jun-21R 30-Sep-21R 91,667 74,928 74,012 11,547 33,165 14,602 5,300 9,009 192 69 129 915 575 340 7,479 2,966 4,512 9,260 3,700 4,134 1,424 3 5,858 4,929 4,300 629 0 929 306 623 0 4,428 2,205 13 13 2,192 18 2,174 2,223 55 2,168 11,135 0 11,135 10,052 9,818 234 827 90,288 73,976 73,143 10,438 32,721 14,722 5,300 9,161 348 68 386 833 451 382 7,634 3,415 4,219 8,678 2,700 4,572 1,401 5 6,147 5,213 4,598 615 0 934 276 659 0 4,690 2,307 11 11 2,296 123 2,173 2,383 54 2,329 11,124 0 11,124 10,041 9,821 220 827 95,219 79,073 78,215 10,726 33,836 14,821 7,800 9,696 463 65 809 858 506 352 7,384 3,437 3,947 8,763 2,700 4,650 1,410 3 6,768 5,351 4,760 591 0 1,417 248 669 500 5,267 2,650 4 4 2,646 183 2,462 2,617 64 2,553 10,902 0 10,902 9,815 9,675 141 827 99,725 81,007 79,718 10,344 34,200 14,887 8,800 9,836 409 63 1,178 1,289 979 311 7,073 3,395 3,678 11,645 2,700 4,804 4,135 5 6,635 5,322 4,735 587 0 1,313 248 565 500 5,369 2,721 2 2 2,719 203 2,516 2,648 70 2,577 11,147 0 11,147 10,026 9,889 137 827 102,198 83,824 82,547 10,146 34,634 17,929 7,800 10,218 419 63 1,338 1,277 1,067 210 6,732 3,372 3,360 11,642 2,700 4,787 4,149 6 6,828 5,586 5,026 560 0 1,242 245 497 500 5,929 3,052 1 1 3,051 239 2,812 2,877 80 2,798 11,234 0 11,234 9,983 9,846 137 827 100,296 81,294 79,863 9,708 34,513 17,151 8,800 8,210 96 58 1,327 1,431 1,301 130 7,471 4,368 3,103 11,532 2,700 4,772 4,058 2 7,307 6,065 5,505 560 0 1,242 214 528 500 5,786 2,875 1 1 2,874 193 2,682 2,911 85 2,826 11,294 0 11,294 10,061 9,924 137 828 iv) Other debt liabilities 3 E. Debt liabilities to direct investors - Intercompany debt Total external debt & liabilities (A+B+C+D+E) 256 4,046 117,134 256 4,058 116,307 259 4,137 122,292 294 4,216 127,093 423 4,447 130,636 405 4,236 128,920 Memorandum Items Public external debt - excluding foreign exchange liabilities (A.1+A.2 Excl. TBills & PIBs) Public debt including PSEs (A+B+C.a.i.i+C.a.ii.i+C.b.i) 81,874 80,880 85,642 87,360 89,927 88,538 97,597 13,560 349,614 96,612 13,638 365,618 102,234 17,441 354,684 ITEM A. Public debt (1+2+3) 1. Government debt i) Long term (>1 year) Paris club Multilateral Other bilateral Euro/Sukuk global bonds Military debt Commercial loans/credits Local Currency Securities (PIBs) Saudi fund for development. (SFD) NBP / BOC deposits / PBC** NPC** ii) Short term (<1 year) Multilateral* Local Currency Securities (TBills) Commercial loans/credits 2. From IMF i) Federal government ii) Central bank 3. Foreign exchange liabilities i) Central bank deposits ii) Foreign currency bonds (NHA / NC) iii) Other liabilities (SWAP) iv) Allocation of SDR1 v) Nonresident LCY deposits with central bank B. Public sector enterprises (PSEs) a. Guaranteed debt Paris club Multilateral Other bilateral Commercial loans Sandak metal bonds b. Non-guaranteed debt i) Long term (>1 year) ii) Short term (<1 year) iii) non-guaranteed bonds C. Banks a. Borrowing i) Long term (>1 year) i) Public sector ii) Private sector ii) Short term (<1 year)2 i) Public sector ii) Private sector b. Nonresident deposits (LCY & FCY) i) Public sector ii) Private sector D. Private Sector a. Guaranteed debt b. Non-guaranteed debt i). Loans i) Long term (>1 year) ii) Short term (<1 year) ii) non-guaranteed bonds iii) Trade credits 106,633 109,345 107,881 Official liquid reserves4 19,374 17,778 11,563 GDP (Current Market Price)5 Source: Statistics & Data Warehouse Department SBP *:Pakistan Banao Certificates (PBC) and Naya Pakistan Certificates (NPC) are issued by Government of Pakistan for overseas Pakistanis. 1. Since Mar 2010 and onwards, Allocations of SDRs are recorded as foreign liability as per BPM6. 2. The stock of short term borrowings by banks as on June 30th, 2011 and onwards has been obtained from banks for each currency of transaction and converted into equivalent US$. Previously, it was captured from data being reported by banks in equivalent Pak rupees. 3.Other debt liabilities of others sector in IIP statement. 4. Includes cash foreign currency and excludes CRR. 5. As per revised GDP(MP) at current prices (base 2015-16) released by PBS, converted using US$ last day weighted avg. exchange rate. Notes:1. SBP enhanced the coverage and quality of external debt statistics w.e.f March 31, 2010. For Revision study, see the link at : http://www.sbp.org.pk/ecodata/Revision-EDS.pdf 2. TBills-Treasury Bills, PIBs-Pakistan Investment Bonds,NHA-National Highway Authority, NC-National Construction, LCY= Local Currency, FCY=Foreign Currency. 3. External debt statistics is revised w.e.f Sept, 2014 by incorporating the transaction made through offshore accounts. Det ail of changes are available at following link: http://www.sbp.org.pk/departments/stats/Notice/Rev-Study-External-Sector.pdf 117
5. 5 .5 Pakistan’s External Debt Servicing-Principal (Million US$ during Period) ITEM 1. Public debt (a+b+c) a) Government debt Paris club Multilateral Other Bilateral Euro/Sukuk global bonds Local Currency Securities (PIBs) Military Commercial loans /credits Saudi fund for development. (SFD) NBP/BOC deposits b). To IMF i). Federal government ii). Central bank c) Foreign exchange liabilities i) Central bank deposits ii) Foreign currency loans /bonds (NHA/NC) iii) Swap 2. PSEs guaranteed debt Paris Club Multilateral Other bilateral Commercial loans Sandak Metal Bonds 3. PSEs non-guaranteed debt 4. Scheduled banks' borrowing 5. Private guaranteed debt 6. Private non-guaranteed debt 7. Private non-guaranteed bonds Total Long Term (1+2+3+4+5+6+7) FY21 Jul-Sep 21 Oct-Dec 21 Jan-Mar 22P 9,152 5,073 1,051 829 2,885 2,592 3,764 3,546 9 - 5 36 1,555 497 345 466 91 16 7 433 - - 1,000 - - - - - - - - - 3,418 315 1,234 2,611 - - - - 1,079 223 293 218 - - - - 1,079 223 293 218 3,000 - - - 3,000 - - - - - - - - - - - 109 40 - 29 - - - - - - - - 52 26 - 29 58 14 - - - - - - 69 - 3 31 12 2 1 .. - - - - 846 113 341 123 .. - - - - 10,188 1,206 3,230 3,947 1,007 4 266 173 783 - - 266 - 173 - 21,745 8,092 10,286 4,448 (116) 74 332 (177) 224 4 - - - - - - Memorandum Items Short Term Debt Servicing - Principal(Excluding Item No. 3 below)1 1.Government debt 2. PSEs non-guaranteed debt1 3. Scheduled banks' borrowing Net Flows2 4. Private non-guaranteed debt Rescheduled/Rollover Commercial loans /credits NBP/BOC - - - - IDB Central bank deposits - - - - - - - - Other Liabilities (SWAP) - - - - Source: Statistics & Data Warehouse Department SBP 1. As per the guidelines available in IMF's External Debt Guide for Compilers and Users 2003, the principal repayment of short-term debt is excluded from over all principal repayments. However, for the information of data users, short term repayment of principle has been reported as Memorandum Items. For details see link: http://www.sbp.org.pk/departments/stats/Notice/Notice-17-May-2012.pdf 2. Net flows of short-term borrowings by banks reflect the net increase (+) or decrease (-) in the stock of short-term bank borrowings during the period. Note: PIBs-Pakistan Investment Bonds, NHA-national Highway Authority, NC-national Construction. 118
6. 5 .6 Pakistan’s External Debt Servicing-Interest (Million US$ during Period) ITEM FY-21 1. Public debt (a+b+c) a) Government debt i). Long term (> 1 year) Paris club Multilateral Other Bilateral Euro/Sukuk global bonds Local Currency Securities (PIBs) Military Commercial loans /credits Saudi fund for development. (SFD) NBP/BOC deposits ii). Short-term (< I year) Multilateral Commercial Loans /Credits b). To IMF i). Federal government ii). Central bank (Including Interest on SDR Allocation) c) Foreign exchange liabilities i) Central bank deposits ii) Foreign currency loans /bonds (NHA/NC) iii) Other Liabilities (SWAP) 2. PSEs guaranteed debt Paris Club Multilateral Other bilateral Commercial loans Sandak Metal Bonds 3. PSEs non-guaranteed debt Long term (> 1 year) Short term (< 1 year) 4. Scheduled banks' borrowing Long term (> 1 year) Short term (< 1 year) 5. Private guaranteed debt 6. Private non-guaranteed debt Long term (> 1 year) Short term (< 1 year) 7. Private non-guaranteed bonds Total external liabilities servicing (1+2+3+4+5+6+7) Jul-Sep 21 Oct-Dec 21 Jan-Mar 22 1,678 1,303 336 282 675 487 573 428 1,261 279 475 418 1 - 1 6 448 105 111 105 114 30 17 176 362 32 275 32 - - - - - - - - 336 112 71 99 - - - - .. - - - 42 3 12 10 41 3 12 10 1 - - - 150 36 33 31 97 25 23 21 52 11 10 10 225 18 155 114 156 18 16 28 69 - 139 86 83 7 11 91 - - - - - - - - 58 4 - 90 25 4 11 1 - - - - 10 2 21 2 10 2 21 2 - - - - 25 6 2 2 1 .. .. .. 24 6 2 2 - - - - 433 91 153 87 423 91 153 86 10 .. .. .. - - - - 2,229 443 861 755 Source: Statistics & Data Warehouse Department SBP Note: T-bills-Treasury Bills, PIBs-Pakistan Investment Bonds, NHA-national Highway Authority, NC-national Construction. Archive Link: http://www.sbp.org.pk/ecodata/pakdebtsvr_Arch.xls 119
7. 5 .7 Ownership Classification of the Federal Government Debt (Million Rupees) As on Debt1 (30th June) HELD Other BY State Bank Deposit of Money Financial International Governments Foreign Pakistan Banks Institutions Institutions and Banks Others IntraGovernment Debt 1999 2,463,031 358,320 321,688 56,272 630,551 471,486 624,714 29,539 2000 2,790,632 540,169 242,548 48,461 656,157 517,293 786,004 41,939 2001 3,127,300 614,689 249,761 63,335 772,558 592,503 834,454 45,988 2002 2,699,897 317,577 416,679 79,453 576,066 408,868 901,254 56,864 2003 2,846,031 109,725 599,323 98,793 415,954 612,774 1,009,462 41,103 2004 3,477,022 133,196 634,213 33,887 809,193 779,054 1,087,479 49,161 2005 3,758,747 331,195 579,376 120,850 925,933 873,123 928,270 53,350 2006 4,183,214 516,583 553,147 109,160 1,009,336 947,448 1,047,540 58,730 2007 4,619,733 397,374 826,518 111,005 1,120,525 998,166 1,166,145 66,196 2008 5,847,147 1,056,761 659,942 178,467 1,506,404 1,216,912 1,228,661 74,413 2009 7,180,590 1,145,220 911,741 182,458 1,921,684 1,506,006 1,513,481 131,623 2010 8,691,615 1,164,378 1,476,283 253,463 2,182,905 1,574,303 2,040,283 138,061 2011 10,352,245 1,365,857 2,214,190 322,469 2,445,711 1,713,683 2,290,335 146,907 2012 12,059,939 1,805,289 2,829,795 433,524 2,618,991 1,924,725 2,447,615 152,999 2013 13,842,361 2,322,373 3,829,262 419,224 2,548,941 1,912,733 2,809,828 140,259 2014 15,610,328 2,936,575 4,034,757 551,812 2,660,255 2,190,734 3,236,195 147,622 2015 16,814,814 2,325,787 5,681,232 604,198 2,574,919 2,200,356 3,428,322 152,967 2016 18,886,342 2,050,313 7,036,747 659,295 2,879,698 2,537,926 3,722,362 157,137 2017 20,633,290 2,471,747 7,437,548 647,383 2,982,634 2,936,049 4,157,929 134,617 2018 24,073,706 3,597,065 7,569,680 675,468 3,532,342 4,263,463 4,435,688 138,374 2019 31,635,436 7,759,903 6,931,347 758,374 4,657,812 6,397,308 5,130,692 152,197 2020 34,956,983 7,192,556 9,398,381 1,036,325 5,332,906 6,491,611 5,505,204 150,078 Source: Statistics & Data Warehouse Department SBP 1. Total Debt does not include loans guaranteed by the Federal Government. 2. PSEs and private sector’s domestic & external debt and provincial governments debt not included in it. It consists of only the sources mentioned in the table. 120
8. 5 .8 Outstanding Domestic Debt of Public Sector Enterprises (PSEs) (End Period) (Billion Rupees) Jun-20 Jun-21 Mar-21 Mar-22 P 1,711.5 1,647.7 1,669.7 1,742.5 YOY Growth (in %) 5.5 (3.7) 5.2 4.4 As percent of GDP 3.6 3.0 - - 1,490.5 1,436.7 1,467.7 1,439.4 YOY Growth (in %) 6.9 (3.6) 5.0 (1.9) As percent of GDP 3.1 2.6 - - Water and Power Development Authority (WAPDA) 67.4 63.6 64.1 74.8 Oil and Gas Development Company Ltd. (OGDCL) 5.7 6.3 5.9 6.6 141.8 153.3 148.8 171.4 43.2 43.2 43.2 43.2 1,232.5 1,170.4 1,205.8 1,143.4 221.0 210.9 202.0 303.0 - - PSEs debt and liabilities (I+II) I.PSEs debt Pakistan International Airlines Corporation (PIA) Pakistan Steel Mills Corporation Ltd. Other PSEs II.PSEs Liabilities 1 Memorandum Item GDP (current market price)2 FY20 R 47,540.4 FY21 R 55,795.5 Source: Statistics & Data Warehouse Department SBP 1 Reflects PSEs borrowings from banks for commodity operations. 2 As per revised GDP(MP) at current prices (base 2015-16) released by PBS. 121
9. 5 .9 National Saving Schemes-Outstanding Amount End Period (Million Rupees) SCHEME A. Accounts (i+ii / 1 to 6) FY20 FY21 2021 2022 Mar Apr Dec Jan Feb Mar Apr 1,014,131.6 994,958.1 1,007,370.6 999,908.0 976,741.6 976,411.2 979,264.3 979,662.4 834,500.5 (i) national Saving Centers 811,966.1 829,187.3 819,163.9 821,880.0 848,577.8 855,353.2 863,677.2 868,826.2 726,811.7 (ii) Post Offices 202,165.5 165,770.8 188,206.8 178,028.0 128,163.8 121,058.0 115,587.2 110,836.3 107,688.8 42,717.1 44,331.9 41,948.8 40,688.5 49,176.3 50,009.5 51,613.6 50,774.7 51,896.3 310.4 310.6 310.6 310.6 310.6 310.6 310.6 310.6 310.6 1,521.8 1,508.1 1,466.8 1,457.8 1,451.0 1,251.1 1,472.1 1,461.2 1,449.0 4- Special Saving Accounts 617,345.4 580,199.3 600,189.7 591,907.4 549,663.0 545,077.9 543,685.0 542,783.5 394,385.5 5- Pensioners Benefit Account 352,167.8 368,514.9 363,372.0 365,459.0 376,034.8 379,656.4 382,079.0 384,225.2 386,350.9 69.2 93.3 82.8 84.8 105.8 105.7 104.0 107.2 108.1 B. Certificates (i+ii+iii /7 to 17) (i) National Saving Centers (ii) Post Offices (iii) Banks 2,509,380.2 2,377,088.2 7,782.7 124,509.2 2,502,940.8 2,370,230.2 5,686.3 127,024.3 2,504,712.0 2,372,025.9 6,147.9 126,538.2 2,500,313.7 2,367,647.2 5,911.0 126,755.4 2,488,509.2 2,355,705.7 4,940.8 127,862.8 2,496,251.9 2,364,074.9 4,807.0 127,370.0 2,501,452.9 2,502,096.5 2,369,761.6 2,370,810.4 4,693.8 4,607.5 126,997.6 126,678.5 2,496,938.8 2,371,034.6 4,547.5 121,356.7 7- Defence Saving Certificates 486,199.9 477,165.0 478,934.9 477,396.3 472,137.4 471,553.9 471,569.3 470,393.3 17.0 17.0 17.0 17.0 16.6 16.6 16.6 16.6 16.6 216.5 216.1 216.1 216.1 216.0 216.0 216.0 216.0 216.0 1- Saving Accounts 2- Khas Deposit Accounts 3- Mahana Amdani Accounts 6- Shahada’s Family Welfare Account 8- National Deposit Certificates 9- Khas Deposit Certificates 10- Premium Saving Certificates 11- Special Saving Certificates (Registered) 12- Special Saving Certificates (Bearer) 468,304.2 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 427,662.6 421,339.3 432,626.2 426,778.5 402,942.0 402,521.4 401,075.5 398,727.5 391,050.7 273.1 272.6 272.6 272.6 272.6 272.6 272.6 272.6 272.6 13- Regular Income Certificates 572,852.8 599,585.3 589,099.1 593,373.7 608,614.5 612,904.8 616,571.2 619,397.9 622,220.6 14- Behbood Saving Certificate 997,842.5 1,000,392.0 998,251.9 998,154.4 1,000,890.5 1,005,539.7 1,008,274.1 1,009,208.5 1,011,050.1 15- Short-Term Saving Certificates (3 Months) 5,178.6 3,003.3 3,218.7 3,115.8 2,601.3 2,423.8 2,638.8 2,951.7 2,951.2 16- Short-Term Saving Certificates (6 Months) 15,392.1 464.5 423.8 429.3 403.6 388.3 396.3 493.9 473.1 17- Short-Term Saving Certificates (12 Months) 3,744.6 485.4 1,651.3 559.6 414.3 414.3 422.0 417.9 383.2 - - - - - - - - C. National Savings Bonds 18- 10 Years D. Prize Bonds (19 to 27) * 715,113.9 399,582.2 629,171.0 624,718.6 317,091.1 315,997.4 316,480.9 316,640.9 316,712.6 19- Rs. 100 10,284.6 10,397.8 10,368.2 10,371.0 10,510.6 10,516.4 10,518.7 10,519.0 10,526.1 20- Rs. 200 29,327.3 29,447.4 29,372.4 29,390.3 29,558.8 29,536.6 29,550.1 29,550.6 29,510.7 21- Rs. 750 107,326.2 108,089.7 107,326.2 107,449.9 110,761.5 110,971.8 111,416.6 111,509.4 111,634.5 22- Rs.1,500 123,217.3 140,015.9 133,837.6 133,926.4 149,310.2 149,752.7 150,984.0 153,525.2 153,810.2 23- Rs. 7,500 106,500.5 56,486.5 125,831.7 126,075.4 7,064.0 6,077.4 5,470.3 4,091.8 3,934.8 24- Rs. 15,000 172,728.2 47,916.0 190,289.1 193,117.4 6,059.3 5,464.1 5,089.2 4,254.7 4,138.4 25- Rs. 25,000 164,118.8 5,068.5 29,665.2 21,959.2 2,022.6 1,887.5 1,669.9 1,447.7 1,424.4 26- Rs. 40,000 756.6 1,305.9 1,626.1 1,574.6 1,063.6 1,050.4 1,041.6 1,001.9 993.0 27- Others@ 854.5 854.5 854.5 854.5 740.5 740.4 740.4 740.4 740.5 18,987.6 44,134.8 30,724.1 33,264.7 54,920.5 55,911.5 56,902.5 56,810.0 57,408.8 18,987.6 29,000.4 23,160.0 24,415.3 33,621.8 34,166.1 34,710.3 34,490.0 34,798.4 15,134.4 7,564.1 8,849.4 21,298.6 21,745.4 22,192.2 22,320.0 22,610.4 47,230.3 47,230.3 47,230.3 47,230.3 47,230.3 3,884,492.7 3,891,802.3 3,901,330.9 3,902,440.0 3,752,791.0 E. Premium Prize Bonds (Registered) (28 to29) 28- Rs. 40,000 29- Rs. 25,000 E. Post Life Insurance TOTAL (A+B+C+D+E) 4,257,613.3 3,941,615.9 4,171,977.8 4,158,205.0 Source: National Savings GOP * State Bank of Pakistan @. It includes Prize Bonds of Rs. 5, Rs. 10, Rs. 50, Rs. 100 (Old), Rs. 500, Rs. 1,000 Rs.5,000, Rs.10,000 and Rs.25,000 (Old) 122