Pakistan Finance Ministry Dismisses Claims of High External Loan Interest
Pakistan's Ministry of Finance has refuted claims that the country is paying up to eight percent interest on external loans, clarifying that public external debt interest outflows increased by 80.4 percent between fiscal years 2022 and 2023.
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Claim about Pakistan paying interest on external loans of up to 8pc is ‘misleading’: finance ministry
The Ministry of Finance on Sunday dismissed claims that Pakistan was paying up to eight per cent interest on external loans as “misleading,” clarifying that public external debt interest outflows rose by 80.4 per cent between fiscal years 2022 and 2025, not 84pc. The ministry issued a clarification in response to “recent press commentary” on Pakistan’s external debt, saying the figures cited needed context to provide an “accurate and comprehensive understanding” of the country’s debt and inte...
By none@none.com (News Desk)
Read full article →Finance ministry terms claims of 8% interest on external loans 'misleading'
Says average cost of external public debt is approximately 4 per cent, so interest payments rose by $1.60b not $1.67b
By Web Desk
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