They added that actual outflows were more than $3.5 billion during the first half of the current fiscal year for payments to multilateral, bilateral and commercial banks with around $2.6 billion principal amount and over $1 billion interest payment. While in the remaining six months, outflows are projected at $5.277 billion which principal amount of $4.46 billion and $816 million on account of interest.
The projected repayments to the multilaterals for the period from January-June 2019 are over $700 million with $500 million principal amount and around $ 200 million for interest payment.
Repayment to bilateral is projected over $1.2 billion - over $1 billion principal amount and around $200 million interest payment, to commercial banks over $2 billion which included $1.9 billion principal amount and around $ 140 million interest payment. The government will be required to pay over $1.2 billion on account of bonds with $1 billion for principal amount and $251 million interest payment.
Pakistan, sources said, repaid around $3.6 billion during July-December 2018 with $1.7 billion to mutilators - $1.4 billion principal amount and around $268 million on account of interest, followed by $745 million to bilateral with $484 million principal amount and $261 million on account of interest. The government made $866 to the commercial banks which included $648 million principal amount and around $218 million for interest payment.
The country received inflows of $3 billion from Saudi Arabia and $1 billon from the United Arab Emirates (UAE) while another $2 billion are expected from the UAE. Sources in the Finance Ministry said that Pakistan expects materialisation of over $2 billion from China as well in the current fiscal year.