SBP concealing external debt data

SBP concealing external debt data

COMMERCE REPORTER
LAHORE - State Bank of Pakistan is concealing the latest data of Pakistan’s external debt and liabilities, it was learnt on Wednesday.
On Tuesday the SBP has issued old data of external debt and liabilities for July to December 2005 period and did not release the latest statistics relating to debt and liabilities from January to April 2006 period of the current financial year.
It was learnt that the external debt and liabilities have mounted further with the launching of $800 million global bonds and inflow of new loans, released by multilateral donor agencies from July 2005 to April 2006 period of this fiscal.
A few months ago the SBP has issued external loans and liabilities data, relating to July to December 2005 period and instead of giving latest picture of external debt, the SBP has issued same data on Tuesday.
According to available data, Pakistan’s external debt has declined by 430 million dollars in six months of the ongoing financial year. The total external debt and liabilities stand at 35.245 billion dollars by December 31, 2005 as against 35.675 billion dollars in June 2005.