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KARACHI: Pakistan will have to pay back nearly $22 billion in foreign debt and interest payments over the next 12 months after efforts to avoid a possible default. It is expected that the government of this dollar-challenged country will resume the IMF loan program at the end of the ongoing negotiations at the staff level and continue to extend the period of payment of foreign loans. The debt burden of this country is much higher. than expected earnings in the next few years. Data from the State Bank of Pakistan (SBP) shows that Pakistan will have to pay $21.95 billion in total debt and interest in the next one year alone.
The post Pakistan Post faces $22 billion payment problem in 12 months appeared first on Daily Universal.
