Business February 18, 2021 KARACHI: Pakistanâs foreign debt and liabilities increased $3 billion or 2.6 percent during the six months period ended in December last, the central bankâs data showed on Wednesday Till December, external debt and liabilities totaled $115.7 billion compared to $112.7 billion till June-end. Total external debt and liabilities were $110.7 billion till December 2019, according to the State Bank of Pakistan (SBP). Economist Ashfaque Khan said external debt and liabilities (EDL) were increasing sharply even before the start of the coronavirus pandemic due to falling exports, sharp depreciation of exchange rate, tight monetary policy and a decline in non-debt creating inflows. âHowever, COVID-19 has further intensified the countryâs debt situation,â said Khan. âWhen Pakistan is in the IMFâs [International Monetary Fund] program, the debt accumulates rapidly.â