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ISLAMABAD, Jun 9 (APP):The government on Monday said that fiscal deficit financing was fully met through domestic markets, primarily via long-term domestic debt securities and the government retired Rs 2.4 trillion in Treasury Bills, reducing short-term maturities.
According to the Economic Survey of Pakistan 2024-25 launched here Monday, to diversify the investor base, a 2-year zero-coupon Pakistan Investment Bond (PIB) was also introduced.
Meanwhile, the total public debt stood at Rs 76,007 billion by end-March 2025, with domestic debt at Rs 51,518 billion and external debt at Rs 24,489 billion (US$ 87 billion), it added.
During July–March FY2025, interest expense on public debt totalled Rs6,439 billion, comprising Rs 5,783 billion on domestic debt and Rs 656 billion on external debt.
Alongside existing 3-year and 5-year Ijara Sukuk, a 10-year Sukuk instrument was launched with variable and fixed rates to expand Shariah-compliant options.
Under strategic Liability Management Operations, the government repurchased around Rs 1 trillion in government debt
securities through a Buyback and Exchange Programme. A 1-month Treasury Bill was introduced to address the short-term liquidity needs of specific investors.Shariah-compliant Sukuk issuances reached approximately Rs 1.6 trillion.
External budgetary inflows totaled US$ 5.1 billion: US$ 2.8 billion from multilateral sources, US$ 0.3 billion from bilateral partners, US$ 1.5 billion from Naya Pakistan Certificates, and US$ 0.56 billion from commercial banks. The government received US$ 1.03 billion under the IMF Extended Fund Facility.