Pakistan has to repay $2.44 billion of external debt in July 2023

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Also Read: Pakistan govt approves massive hike in power tariff on IMF demand: Report Moreover, another $1 billion safe deposit from China is also due. This means that Pakistan and China are currently working on the rollover of around USD 3 billion bilateral debt within the ongoing month. Also Read: Pakistan’s forex reserves double to $8.73 billion, reach nine-month high Not just China, the Islamic nation has to pay back Saudi Arabia's debt as well.

Pakistan has to pay back the Kingdom of Saudi Arabia around $ 195 million of the current month, reported the news agency citing The News International. The country needs to repay Beijing around USD 363 million in guaranteed bilateral loans, including principal and markup payments. The amount needed to be repaid to France by Pakistan is USD 2.85 million to Jaoan, it is USD 4.57 million.

Also Read: 'Ex-Pakistan PM Imran Khan could be jailed if…': Law Minister Azam Tarar In a guaranteed bilateral loans category, Pakistan needs to repay China to the tune of USD 402 million as principal and mark up in the ongoing month, The News International reported. Pakistan also has to separately pay a penalty of $4 million within the ongoing month of fiscal year 2023-24. With this, the total bilateral payment due within July 2023 stands at $ 513,32 million during the current month.

Also Read: IMF warns of 'exceptionally high' risks for Pakistan, calls for additional aid beyond election cycle Pakistan has to pay as interest payment on account of Eurobond to the tune of USD 40 million in the ongoing month. With this, Pakistan needs to pay back $ 9 million to commercial banks in the current month due to payback obligations. The total payback will be made in the form off secure Chinese deposits.