The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments.
It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion in foreign borrowings and $27.071 billion in retired debt. PML-N repaid around 54% of prior debts. In comparison, the PTI administration repaid $36.50 billion throughout the same financial period.
During the government of the Pakistan Peoples Party (PPP), external borrowings totaled $25.008 billion in five years, with $14 billion retired. PPP nearly repaid the same percentage of loans taken on by previous governments, which was 55%. External borrowings were significantly lower under the General Pervaiz Musharraf administration, with $17.503 billion in external borrowings and $14.605 billion in discharged debt.
The country’s external indebtedness have reached an all-time high of $130.6 billion at the end of December 2021.
Foreign debt climbed by $35.3 billion, or 37%, during the PTI administration, from $95.2 billion when the Imran Khan administration took office. Foreign debts rose from $61 billion to $34 billion during the PML-N administration.
When the three administrations’ internal borrowings were compared, the PTI had the most. During its time, it borrowed Rs. 9,136 billion, compared to the PML-Rs. N’s 6,896 billion, the PPP’s Rs. 6,919 billion, and Musharraf’s Rs. 1,212 billion.
