Pakistan: Domestic External Debt Statistical Bulletin - February 2021

Transcription

1. 5 .1 Pakistan's Debt and Liabilities-Summary (End Period Stock) (Billion Rupees) Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 R Sep-20 P I. Government Domestic Debt 20,731.8 22,649.9 21,676.4 22,477.7 23,282.5 23,701.8 II. Government External Debt 11,055.1 10,598.0 10,993.0 11,658.1 11,824.5 11,986.6 921.0 992.7 1,042.3 1,071.3 1,291.5 1,260.7 1,710.1 1,619.1 1,538.6 1,642.5 1,663.3 1,497.3 2,481.3 2,378.5 2,396.7 2,634.4 2,651.5 2,618.5 III. Debt from IMF IV. External Liabilities 1 V. Private Sector External Debt VI. PSEs External Debt 630.6 584.9 583.0 578.0 810.0 791.3 1,394.2 1,392.2 1,391.9 1,397.7 1,490.5 1,478.6 VIII. Commodity Operations Debt2 756.4 740.8 727.9 619.3 813.4 753.6 IX. Intercompany External Debt from Direct Investor abroad 542.7 560.6 593.0 707.5 729.1 712.6 A. Total Debt and Liabilities (sum I to IX) 40,223.1 41,516.7 40,942.8 42,786.3 44,556.4 44,801.0 B. Gross Public Debt (sum I to III) 32,707.9 34,240.6 33,711.7 35,207.0 36,398.6 36,949.2 C. Total Debt of the Government - FRDLA Definition3 29,520.7 29,300.1 29,969.3 31,452.4 33,252.4 33,728.7 D. Total External Debt & Liabilities (sum II to VI+IX) 17,340.7 16,733.8 17,146.6 18,291.7 18,969.9 18,867.0 VII. PSEs Domestic Debt E. Commodity Operation and PSEs Debt (sum VI to VIII) 2,781.2 2,717.9 2,702.7 2,594.9 3,114.0 3,023.5 Guaranteed Debt & liabilities 1,213.0 1,167.6 1,174.0 1,058.4 1,527.1 1,449.9 Non-guaranteed Debt & liabilities 1,568.2 1,550.2 1,528.7 1,536.6 1,586.9 1,573.6 As percent of GDP Total Debt and Liabilities 105.9 99.5 98.1 102.5 106.8 98.3 Gross Public Debt 86.1 82.1 80.8 84.4 87.2 81.1 Total Debt of the Government - FRDLA Definition 77.7 70.2 71.8 75.4 79.7 74.0 Total External Debt & Liabilities 45.7 40.1 41.1 43.8 45.5 41.4 Commodity Operation and PSEs Debt 7.3 6.5 6.5 6.2 7.5 6.6 Guaranteed Debt & liabilities 3.2 2.8 2.8 2.5 3.7 3.2 Non-guaranteed Debt & liabilities 4.1 3.7 3.7 3.7 3.8 3.5 54.6 54.3 51.9 53.9 55.8 52.0 FY19R FY20P FY20P FY20P FY20P FY21T 37,972.3 41,726.7 41,726.7 41,726.7 41,726.7 45,567.0 3,187.2 4,940.6 3,742.4 3,754.6 3,146.2 3,220.4 163.0546 156.2958 154.8657 166.4018 168.1662 165.7857 Government Domestic Debt Memorandum Items GDP (current market price) Government Deposits with the banking system US Dollar, last day average exchange rates 4 1 External liabilities include Central bank deposits, SWAPS, Allocation of SDR and Nonresident LCY deposits with central bank. Source: Statistics & Data Warehouse Department SBP 2 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. 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 114
2. 5 .2 Pakistan's Debt and Liabilities Profile (Billion Rupees) Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 R Sep-20 P 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 40,223.1 41,516.7 40,942.8 42,786.3 44,556.4 44,801.0 34.6 105.9 37,756.6 32.8 99.4 34.8 99.5 39,156.8 33.3 93.8 23.1 98.1 38,676.2 22.6 92.7 21.9 102.5 40,524.6 22.6 97.1 10.8 106.8 42,079.7 11.4 100.8 7.9 98.3 42,550.1 8.7 93.4 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. 20,731.8 1,394.2 15,630.6 11,055.1 3,111.8 921.0 542.7 22,649.9 1,392.2 15,114.7 10,598.0 2,963.4 992.7 560.6 21,676.4 1,391.9 15,608.0 10,993.0 2,979.7 1,042.3 593.0 22,477.7 1,397.7 16,649.2 11,658.1 3,212.4 1,071.3 707.5 23,282.5 1,490.5 17,306.6 11,824.5 3,461.6 1,291.5 729.1 23,701.8 1,478.6 17,369.7 11,986.6 3,409.8 1,260.7 712.6 II. Total Liabilities (D+E) YoY Growth (in %)4 As percent of GDP D. External Liabilities 1 E. Domestic Liabilities 2 2,466.5 71.0 6.5 1,710.1 756.4 FY19R 37,972.3 2,359.9 65.1 5.7 1,619.1 740.8 FY20P 41,726.7 2,266.5 33.0 5.4 1,538.6 727.9 FY20P 41,726.7 2,261.8 9.4 5.4 1,642.5 619.3 FY20P 41,726.7 2,476.7 0.4 5.9 1,663.3 813.4 FY20P 41,726.7 2,250.8 (4.6) 4.9 1,497.3 753.6 FY21T 45,567.0 Apr-Jun FY-21 P Jul-Sep End Period Stocks GDP (mp) FY-19 3,132.9 56.9 8.3 4,477.7 42.9 10.7 1,355.1 158.8 3.2 869.8 5.5 2.1 1,390.0 18.5 3.3 1,215.0 41.0 2.7 914.8 1,530.8 445.3 230.9 558.4 431.4 765.8 97.2 51.7 2,143.2 1,763.9 379.3 269.1 90.7 19.6 74.9 26.0 49.0 1,134.8 200.3 118.0 77.8 2,847.5 2,386.5 461.0 296.1 139.6 25.3 99.4 50.8 48.6 284.1 57.6 25.8 77.8 886.7 765.5 … 121.1 80.4 34.3 6.4 23.2 11.0 12.2 141.7 56.9 32.3 613.8 504.9 … 108.9 71.5 31.6 5.8 25.1 14.7 10.4 461.3 63.2 33.9 800.4 688.4 … 112.0 67.9 38.0 6.1 31.2 17.6 13.6 195.4 26.7 42.3 167.0 759.0 661.0 … 98.0 52.9 38.8 6.3 24.6 12.0 12.6 278.3 273.9 30.3 74.9 105.2 58.5 203.3 4,531.1 23.4 75.0 FY19R 188.7 1.9 4,632.9 (59.5) 83.3 FY20P 11.7 1.9 1,081.1 12.1 16.7 FY20P 41.4 1,127.3 12.8 33.5 FY20P 79.4 1,535.9 (15.5) 25.8 FY20P 45.5 606.1 (55.7) 13.1 FY21T 37,972.3 41,726.7 41,726.7 41,726.7 41,726.7 45,567.0 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 GDP (mp) Servicing During the Period FY-20 P FY20 R Oct-Dec Jan-Mar 1 External liabilities include Central bank deposits, SWAPS, Allocation of SDR and Nonresident LCY deposits with central bank. Source: Statistics & Data Warehouse Department SBP 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. 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. 5. 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 115
3. 5 .3 Government Domestic Debt and Liabilities End period position (Billion Rupees) FY19 FY20 Oct-19 Nov-19 Aug-20 Sep-20 Oct-20 Nov-20 P 12,080.0 14,023.5 13,006.8 13,196.8 14,617.9 14,922.0 15,230.8 15,429.5 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 Federal Government 3.00 % 1971 (Permanent) 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 Loans matured but not encashed 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 11,183.3 13,286.5 12,267.6 12,456.0 13,879.0 14,178.3 14,468.4 14,665.5 Debt Instruments I. Permanent Debt (1+2+3) 1. Market Loans 2. Federal Government Bonds Public Sector - - - - - - - - Under E.R.O. 1972 .. .. .. .. .. .. .. .. Compensation Bonds1 .. .. .. .. .. .. .. .. Shah nawaz Bhutto Sugar Mills - - - - - - - - Pakistan Engineering Company 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 Issued at Low Yield Bonds GOP Ijara Sukuk 3 Years Bai-Muajjal of Sukuk - - - - - - - - 71.0 198.2 71.0 71.0 285.4 360.3 429.7 429.7 177.8 201.0 177.8 177.8 201.0 201.0 201.0 201.0 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 .. .. .. .. .. .. .. .. Federal Investment Bonds .. .. .. .. .. .. .. .. 10,933.2 12,886.0 12,017.4 12,205.9 13,391.3 13,615.7 13,836.3 14,033.4 Pakistan Investment Bonds (PIBs) 3. Prize Bonds3 II. Floating Debt Bai Muajjal4 893.9 734.1 736.4 738.0 736.1 740.9 759.6 761.2 5,500.6 5,578.3 5,144.7 4,807.4 5,235.4 5,098.3 5,029.6 5,006.4 .. .. .. .. .. .. .. .. 4,929.6 5,577.1 4,574.5 4,237.2 5,234.3 5,097.1 5,028.4 5,005.2 MTBs for Replenishment of Cash5 571.0 1.2 570.2 570.2 1.2 1.2 1.2 1.2 Outright Sale of MRTBs to Banks - - - - - - - - 3,144.1 3,673.6 3,379.1 3,399.5 3,676.9 3,674.4 3,667.3 3,668.5 2,991.9 3,523.5 3,230.4 3,252.7 3,528.4 3,529.2 3,522.8 3,525.1 47.9 48.5 47.9 47.8 48.8 48.7 48.6 48.6 104.3 101.5 100.8 99.0 99.7 96.5 95.9 94.9 7.0 7.2 6.7 6.7 7.1 7.1 6.8 6.8 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 6.7 6.9 6.4 6.4 6.8 6.8 6.6 6.5 20,731.8 23,282.5 21,537.3 21,410.4 23,537.3 23,701.8 23,934.5 24,111.2 564.1 549.3 549.8 531.1 Market Treasury Bills III. Unfunded Debt Saving Schemes (Net of Prize Bonds) Postal Life Insurance GP Fund* IV. Foreign Currency Loans6 Foreign Exchange Bearer Certificate FCBC 3 Years Domestic Debt (I+II+III+IV) Government Domestic Liabilities7 Government Domestic Debt and Liabilities 528.7 592.5 496.0 482.1 21,260.5 23,875.0 22,033.4 21,892.5 1. For nationalized banks, petroleum, shipping and vegetable oil. 2. Include Rollover (I, II & III). 3. Includes Premium Prize Bonds (Registred) 4. Includes Rs. 0.013 billion of Treasury Bills on Tap. 5. Includes SBP BSC, NIBAF and PSPC Tbills holding of Rs 2.036 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. Archive Link: http://www.sbp.org.pk/ecodata/DDArchive.xls 116 24,101.4 24,251.2 24,484.4 24,642.3 *Source: Ministry of Finance (Budget Wing)
4. 5 .4 Pakistan's External Debt and Liabilities (Million US$) 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* 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) 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 iv) Other debt liabilities3 E. Debt liabilities to direct investors - Intercompany debt Total external debt & liabilities (A+B+C+D+E) Public debt including PSEs (A+B+C.a.i.i+C.a.ii.i+C.b.i) Official liquid reserves4 Jun-20 R Sep-20 P 88,937.7 72,301.9 71,130.5 11,202.7 32,385.3 14,411.5 5,300.0 7,643.0 119.0 69.0 1,171.5 510.5 546.0 115.0 7,604.4 2,898.9 4,705.5 9,031.4 4,700.0 Jun-19 Sep-19 Dec-19 Mar-20 83,936.3 67,800.1 66,535.9 11,235.1 27,788.0 12,716.7 6,300.0 8,470.0 26.2 1,264.2 778.0 0.2 486.0 5,648.4 5,648.4 10,487.8 6,200.0 2,912.0 1,374.3 1.5 3,867.1 2,800.4 2,600.4 200.0 1,066.7 410.3 656.4 4,721.4 3,171.8 24.6 24.6 3,147.1 230.2 2,916.9 1,549.7 34.9 1,514.8 10,496.1 10,496.1 9,290.0 8,793.7 496.3 12.0 873.4 320.8 3,328.3 106,349.3 84,518.3 67,807.4 66,236.3 11,077.2 28,056.3 12,787.3 6,300.0 7,976.9 3.8 34.8 1,571.2 922.1 360.0 289.0 6,351.7 976.1 5,375.5 10,359.2 6,200.0 2,808.0 1,347.7 3.5 3,742.1 2,731.0 2,531.0 200.0 1,011.1 384.3 626.8 4,361.0 2,719.2 22.9 22.9 2,696.3 105.2 2,591.1 1,641.8 30.9 1,610.9 10,857.0 10,857.0 9,634.7 9,178.1 456.6 12.0 873.4 336.9 3,586.5 107,064.9 87,649.5 70,984.0 68,177.4 10,924.0 29,358.6 13,227.2 5,300.0 9,311.4 11.2 44.9 2,806.7 954.7 1,566.2 285.7 6,730.2 1,443.7 5,286.6 9,935.3 5,700.0 2,865.3 1,367.0 2.9 3,764.6 2,881.0 2,531.0 350.0 883.6 518.8 364.8 4,502.7 2,794.5 20.6 20.6 2,773.9 135.2 2,638.7 1,708.2 32.1 1,676.0 10,973.3 10,973.3 9,763.5 9,357.4 406.1 12.0 873.4 324.4 3,829.2 110,719.3 86,368.5 70,060.0 67,370.9 10,785.9 28,860.3 13,362.9 5,300.0 8,968.6 41.0 52.2 2,689.1 1,057.8 1,345.6 285.7 6,437.8 1,424.9 5,012.9 9,870.7 5,700.0 2,818.5 1,349.2 3.0 3,473.5 2,639.0 2,499.0 140.0 834.5 495.0 339.5 4,668.4 2,874.2 18.1 18.1 2,856.1 192.0 2,664.2 1,794.2 29.8 1,764.4 11,163.1 11,163.1 9,964.2 9,759.9 204.4 12.0 873.4 313.5 4,251.5 109,925.1 87,885.0 70,314.5 68,773.0 10,924.3 30,898.0 13,427.5 5,300.0 8,068.5 95.7 59.0 1,541.5 814.1 585.9 141.5 7,679.8 2,833.3 4,846.6 9,890.7 5,700.0 2,827.5 1,360.0 3.2 4,899.6 4,243.6 3,698.3 545.2 656.0 320.0 336.0 4,637.1 2,777.1 15.7 15.7 2,761.4 94.6 2,666.8 1,860.0 34.3 1,825.7 11,071.7 11,071.7 9,904.8 9,556.4 348.4 12.0 873.4 281.6 4,364.8 112,858.2 2,936.3 1,391.5 3.6 4,773.2 4,200.0 3,672.0 528.0 573.2 316.6 256.6 4,356.0 2,443.0 15.5 15.5 2,427.6 3.0 2,424.6 1,913.0 30.9 1,882.1 11,438.2 11,438.2 10,251.1 9,966.9 284.2 12.0 873.4 301.8 4,298.1 113,803.4 88,068.6 88,396.4 91,581.5 90,063.7 92,913.5 93,744.9 7,769.0 8,526.0 11,760.0 11,397.0 12,550.0 12,298.3 Source: Statistics & Data Warehouse Department SBP : Pakistan Banao Certificates (PBC) issued by Government of Pakistan for overseas Pakistanis, effective from 4 February 2019. 1 Since Mar 2010 and onwards, Allocations of SDRs are recorded as foreign liability as per BPM6. 2The 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. 3Other debt liabilities of others sector in IIP statement. 4. Includes cash foreign currency and excludes CRR. Note: 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, 3. External debt statistics is revised w.e.f Sept, 2014 by incorporating the transaction made through offshore accounts. Detail of changes are available at following link: http://www.sbp.org.pk/departments/stats/Notice/Rev-Study-External-Sector.pdf 4: As part of annual revision of IIP,data from 31-Dec-2015 to 31-Mar-2017 has been revised. Source: For A.1 except local currency securities ( PIBs & Tbills), A.2.i and B.a, Economic Affairs Division, for rest State Bank of Pakistan. 117
5. 5 .5 Pakistan's External Debt Servicing-Principal (Million US $ ) 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) FY19 FY20 Jul-Sep 19 Oct-Dec 19 Jan-Mar 20 Apr-Jun 20 Jul-Sep 20 P 5,818 5,443 8,362 7,118 1,732 1,568 2,493 1,827 1,115 908 3,022 2,816 2,424 1,170 641 376 28 312 31 5 - 1,375 1,455 420 307 422 306 443 329 407 174 22 190 21 70 1,000 1,000 - 1,000 - - - - - - - - - - - - - - - - - 2,097 3,879 945 185 265 2,484 658 - - - - - - - - 1 - 1 - - - 375 744 165 166 207 207 253 - - - - - - - 375 744 165 166 207 207 253 - 500 - 500 - - 1,000 - 500 - 500 - - 1,000 - - - - - - - - - - - - - - 69 274 32 - 242 - 40 - - - - - - - 5 - - - - - - 64 64 32 - 32 - 26 - 210 - - 210 - 14 - - - - - - - 155 163 22 105 23 13 - 3 10 1 4 2 3 .. - - - - - - - 483 817 87 262 97 370 120 - - - - - - - 6,527 9,626 1,875 2,863 1,480 3,408 2,584 2,111 1,719 402 195 480 642 351 1,537 - 1,181 12 356 - 75 12 265 - 484 - 272 - 33,517 29,175 5,624 6,951 7,225 9,375 3,630 193 (386) (451) 78 82 (95) (334) 574 526 46 108 215 158 78 - - - - - - - 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 $ ) ITEM Jul-Sep 19 FY20 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 Local Currency Securities (TBills) 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 2,290 1,959 2,352 1,872 574 483 629 517 590 458 559 415 427 317 1,896 1,808 465 508 443 392 304 231 119 7 104 7 2 - 440 477 121 109 116 132 105 310 364 163 19 165 18 58 503 396 33 182 32 148 32 - - - - - - - - - - - - - - 412 450 142 93 123 92 108 - - - - - - - - 1 - 1 - - - 63 64 17 9 15 23 13 52 48 8 9 15 17 11 11 16 9 .. - 6 1 - - - - - - 144 160 44 41 37 37 38 - - - - - - 24 144 160 44 41 37 37 14 187 320 48 71 94 107 72 21 181 43 68 69 2 57 - - - - - - - 166 139 5 2 26 106 16 105 120 47 10 52 10 53 - - - - - - - .. - - - - - - 85 100 47 - 52 - 52 20 20 - 10 - 10 2 - - - - - - - 25 18 3 7 5 2 3 24 17 3 7 5 2 3 1 .. - .. - - - 72 81 32 .. 18 .. 9 12 .. 0 31 18 9 11 Total external liabilities servicing (1+2+3+4+5+6+7) 1 1 22 .. 71 80 22 Oct-Dec 19 Jan-Mar 20 Apr-Jun 20 Jul-Sep 20 P FY19 - - - - - - - 459 662 154 171 127 211 164 447 635 137 168 125 205 156 12 27 17 4 2 5 9 - - - - - - - 2,951 3,233 801 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 119 849 792 791 659 Source: Statistics & Data Warehouse Department SBP
7. 5 .7 Ownership Classification of the Federal Government Debt (Million Rupees) As on Debt1 (30th June) H E L D Other B Y State Bank Deposit of Money Foreign Pakistan Banks Institutions Institutions and Banks Others IntraGovernment Debt Financial International Governments 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 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-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 P 1,621.9 1,618.8 1,599.9 1,587.3 1,711.5 1,682.8 YOY Growth (in %) 24.8 19.1 10.9 (0.4) 5.5 4.0 As percent of GDP 4.3 3.9 3.8 3.8 4.1 3.7 1,394.2 1,392.2 1,391.9 1,397.7 1,490.5 1,478.6 YOY Growth (in %) 30.5 23.3 14.7 1.4 6.9 6.2 As percent of GDP 3.7 3.3 3.3 3.3 3.6 3.2 Water and Power Development Authority (WAPDA) 86.4 108.4 108.2 86.8 67.4 67.1 Oil and Gas Development Company Ltd. (OGDCL) 6.3 6.6 6.2 6.1 5.7 5.7 149.8 151.1 144.1 137.7 141.8 143.4 43.2 43.2 43.2 43.2 43.2 43.2 1,108.5 1,082.9 1,090.1 1,123.9 1,232.5 1,219.2 II.PSEs Liabilities 1 227.7 226.6 208.0 189.6 221.0 204.2 Memorandum Item FY19 P FY20P FY20P FY20P FY20P FY21T 37,972.3 41,726.7 41,726.7 41,726.7 45,567.0 PSEs debt and liabilities (I+II) I.PSEs debt Pakistan International Airlines Corporation (PIA) Pakistan Steel Mills Corporation Ltd. Other PSEs GDP (mp) 41,726.7 Source: Statistics & Data Warehouse Department SBP 1 Reflects PSEs borrowings from banks for commodity operations 121
9. 5 .9 National Saving Schemes-Outstanding Amount End Period (Million Rupees) SCHEME A. Accounts (i+ii / 1 to 6 ) FY19 FY20 R 2019 2020 Nov Dec Aug Sep Oct Nov Dec 774,981.5 1,014,131.6 826,694.3 831,460.3 1,012,125.2 1,015,620.6 1,016,848.8 1,017,321.9 1,017,576.2 (i) national Saving Centers 586,606.9 811,966.1 631,956.7 635,793.3 808,274.9 809,703.5 810,530.3 811,003.4 811,257.7 (ii) Post Offices 188,374.6 202,165.5 194,737.6 195,667.1 203,850.4 205,917.1 206,318.5 206,318.5 206,318.5 38,180.1 42,717.1 37,884.7 38,099.4 42,473.5 43,708.5 43,856.3 44,092.6 44,060.2 310.4 310.4 310.4 310.4 310.4 310.6 310.6 310.6 310.6 1,582.2 617,345.4 1,765.7 1,753.0 1,492.1 1,499.3 1,490.4 1,485.0 1,476.9 1- Saving Accounts 2- Khas Deposit Accounts 3- Mahana Amdani Accounts 4- Special Saving Accounts 416,574.8 1,521.8 446,483.3 448,834.7 613,468.0 614,276.4 614,533.5 613,980.3 613,966.0 5- Pensioners Benefit Account 318,291.8 352,167.8 335,978.4 338,190.9 354,312.3 355,756.7 356,589.0 357,384.3 357,688.0 42.1 69.2 4,271.9 4,271.9 69.1 69.1 69.1 69.2 74.5 B. Certificates (i+ii+iii /7 to 17) 2,216,784.7 2,509,380.2 2,425,902.8 2,430,183.0 2,515,336.4 2,513,590.0 2,505,961.9 2,507,782.0 2,510,758.3 (i) National Saving Centers 2,096,092.4 2,377,088.2 2,296,850.3 2,300,969.4 2,383,505.1 2,381,728.6 2,374,331.3 2,376,189.8 2,378,615.6 10,412.2 7,782.7 8,933.8 8,693.3 7,522.1 7,395.0 7,253.9 7,253.9 7,253.9 (iii) Banks 110,280.0 124,509.2 120,118.7 120,520.4 124,309.3 124,466.4 124,376.7 124,338.3 124,888.8 7- Defence Saving Certificates 393,416.8 486,199.9 482,812.5 482,983.6 484,762.3 484,703.1 484,522.5 483,871.0 484,222.4 17.0 17.0 15.7 15.7 17.0 17.0 17.0 17.0 17.0 216.5 216.5 216.5 216.5 216.1 216.1 216.1 216.1 216.1 6- Shuhadas Family Welfare Account (ii) Post Offices 8- National Deposit Certificates 9- Khas Deposit Certificates 10- Premium Saving Certificates 11- Special Saving Certificates (Registered) 12- Special Saving Certificates (Bearer) 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 413,716.9 427,662.6 405,340.0 403,343.8 431,581.5 434,129.6 435,117.4 437,446.9 440,609.1 273.1 273.1 273.1 273.1 272.6 272.6 272.6 272.6 272.6 13- Regular Income Certificates 489,620.5 572,852.8 558,465.9 559,508.3 574,285.4 575,756.6 576,801.8 578,394.4 579,956.8 14- Behbood Saving Certificate 914,462.6 997,842.5 973,456.9 978,148.5 1,000,684.8 1,001,326.3 1,000,985.0 999,962.0 998,053.5 15- Short Term Saving Certificates (3 Months) 4,520.1 5,178.6 3,867.8 4,095.4 4,473.2 4,173.6 3,974.7 3,839.7 3,709.6 16- Short Term Saving Certificates (6 Months) 94.9 15,392.1 651.8 743.4 15,290.1 9,296.1 388.7 395.8 380.0 17- Short Term Saving Certificates (12 Months) 445.8 3,744.6 802.2 854.2 3,753.0 3,698.4 3,665.7 3,366.0 3,320.8 137.0 - 137.0 137.0 137.0 137.0 137.0 - - - - - 886,223.8 715,113.9 720,570.4 718,383.0 717,113.1 721,253.6 739,099.8 740,228.1 697,448.1 19- Rs. 100 10,188.0 10,284.6 10,202.7 10,221.8 10,277.9 10,294.1 10,307.2 10,319.5 10,348.0 20- Rs. 200 29,578.5 29,327.3 29,516.4 29,427.9 29,275.7 29,319.7 29,451.3 29,434.2 29,419.1 21- Rs. 750 103,429.8 107,326.2 106,324.0 106,428.5 107,161.2 107,121.9 107,148.2 107,529.7 107,483.4 22- Rs.1,500 108,134.3 123,217.3 113,442.2 116,634.3 123,175.6 125,338.5 125,742.2 126,281.5 130,311.3 23- Rs. 7,500 102,675.2 106,500.5 106,591.8 106,520.3 107,313.5 107,426.6 109,331.8 125,765.1 125,829.1 24- Rs. 15,000 176,739.8 172,728.2 172,034.4 172,114.9 172,457.9 174,495.8 189,808.4 190,034.0 190,283.2 25- Rs. 25,000 160,698.3 164,118.8 161,627.8 161,630.9 164,239.1 164,155.6 164,305.5 147,970.2 101,040.0 26- Rs. 40,000 193,925.3 756.6 19,976.5 14,549.9 2,357.7 2,246.9 2,150.7 2,039.3 1,879.4 854.5 854.5 854.5 854.5 854.5 854.5 854.5 854.5 854.5 7,664.9 18,987.6 17,425.0 17,711.2 18,978.8 19,627.6 20,539.2 20,956.0 22,837.0 7,664.9 18,987.6 17,425.0 17,711.2 18,978.8 19,627.6 20,539.2 20,956.0 21,044.0 3,885,791.9 4,257,613.3 3,990,729.6 3,997,874.6 4,263,553.6 4,270,091.8 4,282,449.6 4,286,288.0 4,248,619.6 C. national Savings Bonds 18- 10 Years D. Prize Bonds ( 19 to 27 )* 27- Others@ E. Premium Prize Bonds (Registered) (28 to29) 28- Rs. 40,000 29- Rs. 25,000 TOTAL ( A+B+C+D+E) 1,793.0 Source: National Savings GOP * State Bank of Pakistan @. It include 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