2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$3 billion
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$4 billion
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$5 billion
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$6 billion
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Detailed explanation-1: -International Monetary Fund revives Pakistan’s EFF programme; approves $1.17bn bailout fund - The Hindu.
Detailed explanation-2: -Pakistan has a tumultuous track record with the IMF. Most of its previous bailouts - 13 since the late 1980s - weren’t completed. The government secured a $1.1 billion loan in August, part of a $6.5 billion package agreed upon in 2019.
Detailed explanation-3: -Pakistan secured a $6 billion IMF bailout in 2019, which was topped up with another $1 billion last year.
Detailed explanation-4: -In the fiscal year, 2022-2023, in July-September the debt and liabilities stood at Rs 62.46 trillion which is more than the same period of last fiscal year, accounting for Rs 50.49 trillion. The country’s debt rose 24.7 per cent to Rs59. 37 trillion, while total liabilities increased 23 per cent to Rs3. 56 trillion.
Detailed explanation-5: -Current debt About Rs. 24.309 trillion is owed by the government to domestic creditors, and about Rs. 2.3 trillion is owed by Public Sector Enterprises (PSEs). Similarly, as of October 2021, external Debt of Pakistan is now around US$121.75 billion.