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During 2008-2011: external debt to reach 32.5 percent of GDP: IMF.
Byline: ASMA RAZAQ/ZAFAR BHUTTA
The International Monetary Fund (IMF) has projected the external debt stock of Pakistan to rise, temporarily, to around 32.5 percent of gross domestic product (GDP) during 2008-2011 due to significant increase in external financing from official creditors, including the Fund itself, to help Pakistan with recent balance of payments pressure.
It has been stated by IMF in a report titled ''Pakistan: 2009 Article 1V consultation and First Review under the stand by agreement-Staff Report'', released on Tuesday. Combined shocks to growth, current account, and depreciation could vault the end-period debt stock to around 45 percent of …
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