*ISLAMABAD – Pakistan* external debt servicing in the first quarter of FY2018 -19 touched $2.452 billion.
According to State Bank of Pakistan’s data, the government paid off $1.9billion as principal and $0.55 billion as interest accumulated on the totaldebt, reports *Dawn.*
The country’s debt servicing linked needs are projected at $9.3 billionduring the ongoing FY19.
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A borrowing target of $12 billion has been set for FY19 by the FinanceMinister Asad Umar to meet the swelled current account deficit.
