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External liabilities on the rise
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KARACHI: Pakistan's external debt rose to an unprecedented $55.68 billion as of Dec 31, 2009 from $52.33 billion on June 30, 2009 due to loans received from the International Monetary Fund (IMF) and other donor agencies.
In the past one-and-a-half years, overseas loans taken by the country have surged by $9.51 billion, according to data released by State Bank of Pakistan (SBP).
Pakistan's external liabilities of $55.68 billion form 32 per cent of its Gross Domestic Product (GDP). In June 2008 it was at $46.16 billion, or 27.6 per cent of GDP.-PPI
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