Pakistan : Terrorist Wahabi Islamic Rep Pakistan 6

[Naresh]

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[url="http://www.dailytimes.com.pk/default.asp?page=2010/04/24/story_24-4-2010_pg5_1"]Performance in 2 months : External debt, liabilities reduce by 1.7 percent[/url]



* Reach $54.324bn by end of March 2010 against $55.266bn in January 2010



ISLAMABAD : The external debt and liabilities of the country reduced by $942 million or 1.7 percent to $54.324 billion by end of March 2010 as compared with $55.266 billion in January 2010, sources told Daily Times on Friday.



However, the external debt and liabilities, which was $43.141 billion in 2008, [color="#FF0000"]now reached $54.324 billion, showing 26 percent increase in the last two years.[/color]



The total medium and long-term external debt and liabilities on March 31, 2010 reached $41.839 billion and short-term debt remained at $600 million. The total sum of these two loans is $42.439 billion and is known as Public and Publicly Guaranteed Debt. By January 2010 the sum total of these two types of external debts was $43.234 billion, which reduced by $0.795 billion in the last two months.



Medium and long-term debt : It further consists of external loan taken from sources like multilateral, bilateral, issuing of bonds, commercial banks and defence.



Multilateral : In the last two months, multilateral external debt and liabilities reduced to $23.221 billion from earlier $23.734 billion. The break-up of this category is $11.068 billion from Asian Development Bank (ADB), $1.707 billion from International Bank for Reconstruction and Development (IBRD) and $9.831 billion from International Development Association (IDA).



From other sources the government took $616 million by March 31 2010. These sources are European Investment Bank (EIB) $63 million, [color="#FF0000"]Islamic Development Bank (IDB) $319 million,[/color] International Fund for Agricultural Development (IFAD) $187 million, NORD Development Fund $15 million, and OPEC fund $23 million.



Bilateral : Total loan from bilateral bases reached $16.572 billion on March 31 2010, which was $16.665 billion by January 2010, showing a decrease of $93 million in the last two months. The bilateral external debt composed of two sources-Paris Club Countries ($14.017 billion) and Non-Paris Club Countries ($2.555 billion) by end of March 2010.



Paris Club Countries included various countries, which are Austria $67 million, Belgium $34 million, Canada $531 million, Finland $6 million, France $2.178 billion, Germany 1.824 billion, Italy $105 million, Japan $6.674 billion, Korea $476 million, Netherlands $117 million, Norway $21 million, Russia $121 million, Spain $80 million, Sweden $153 million, Switzerland $108 million, United Kingdom $10 million, United States $1.514 billion.



Non-Paris Club Countries’ external debt and liabilities reached $2.555 billion till end of March 2010. [color="#FF0000"]These countries are China $1.882 billion, Kuwait $105 million, Libya $5 million, Saudi Arabia $442 million and United Arab Emirates $121 million.[/color]



Bonds : Total liabilities on issuing different bonds etc reached $1.572 billion by end of March 2010, which was $2.150 billion in January 2010.



Commercial banks : The foreign debt and liabilities from the commercial banks reached $275 million by end of March 2010, while it was $166 million in January 2010.



Defence : External debt and liabilities remained $199 million by end of March 2010 and the same amount was recorded on January 1, 2010.



Short-term debt : Total short-term debt from IBD reached $600 million by end of March 2010, which was $320 million in January 2010.



Banking sector debt : Total banking sector debt of the country reached $262 million till end of March 2010, which consists of long-term $120 million and short-term $142 million. While in January 2010 the banking sector debt of the country reached $196 million, which consists of long-term $126 million and short-term $70 million.



Private sector debt : Total private sector debt reached $3.217 billion till January 2010, official figures available with Daily Times revealed. The sub-component of this sector is multilateral creditors at $421 million, Paris Club $1.548 billion, Non-Paris Club $259 million, SBP $852 million and bonds $137 million. However, the total private sector debt was recorded at $2.942 billion till January 2010.



International Monetary Fund (IMF) debt : Total IMF debt and liabilities reached $7.206 billion by end of March 2010, which was $7.494 billion in January 1, 2010.



Deposits with SBP : Under this category, the government’s foreign debt and liabilities reached $1.200 billion, while it was $1.400 billion in January 2010.



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