Pakistani authorities have estimated $87.3 billion worth of debt and non-debt creating external inflows in the current fiscal year on the basis of some unrealistic assumptions amid the State Bank of Pakistan’s (SBP) worries over a possible drop in foreign remittances.
The $87.3 billion estimate of foreign inflows during fiscal year 2021-22 is based on the assumption that the International Monetary Fund (IMF) programme would continue that has again been derailed after remaining active for just a couple of months.
Finance Minister Shaukat Tarin on Thursday chaired a meeting to review the status of foreign inflows that the country needs to service its debt and meet international payment obligations, sources told The Express Tribune.
The session was the follow-up of a meeting that Prime Minister Imran Khan had chaired on July 2 to review the country’s foreign inflow situation amid the premier’s reluctance to accept some of the harsh IMF conditions.
