SBP Chief Warns of Inflation Spike but Assures Debt Management Success

Thursday, 8 August 2024, 02:55
The Chief of the State Bank of Pakistan (SBP) has raised alarm over rising inflation, indicating a potential spike in rates. He revealed that the outstanding debt payment for fiscal year 2025 totals $26.2 billion, with over $16 billion being financed through rollover agreements with allied nations. While inflation poses challenges, the SBP remains committed to effective debt management to maintain economic stability.
Dawn
SBP Chief Warns of Inflation Spike but Assures Debt Management Success

Inflation Concerns from SBP Chief

The Chief of the State Bank of Pakistan (SBP) has voiced serious concerns regarding the potential for an inflation spike. He outlined that the fiscal year 2025's total outstanding debt payment is projected to be $26.2 billion.

Debt Management Strategies

In an effort to ease these financial pressures, the SBP highlighted that over $16 billion will be rolled over through international agreements with friendly countries. This approach is aimed at smoothing financial obligations and maintaining stability.

Conclusion

While inflation remains a significant challenge, the SBP emphasizes its commitment to managing debt effectively. Continued coordination with international partners will be crucial to navigate the upcoming fiscal landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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