ANI
25 Nov 2021, 23:07 GMT+10
Islamabad [Pakistan], November 25 (ANI): The total debt and liabilities of Pakistan have crossed 50.5 trillion Pakistani rupees (PKR), of which the addition of PKR 20.7 trillion is under the current government alone, official figures released on Wednesday informed.
The State Bank of Pakistan (SBP) released the debt figures till September 2021, a day after Prime Minister Imran Khan described the increasing debt as a "national security issue", Express Tribune reported.
The figures have shown that the total debt and public debt of Pakistan has been deteriorating since the Imran Khan government has come into power.
Pakistan's total debt and liabilities jumped to the record PKR 50.5 trillion at the end of September 2021, an addition of PKR 20.7 trillion in the past 39 months. There was an increase of nearly 70 per cent in total debt of the country, Express Tribune reported.
On Friday, Pakistan National Assembly was also informed that the country's public debt increased by Rs 14.9 trillion from July 2018 to June 2021 by the Ministry for Finance and Revenue.
In a written reply to a question, the house was informed that the exchange rate depreciation added around PKR 2.9 trillion (20 per cent of the increase) in public debt while the government paid PKR 7.5 trillion against interest servicing which is 50 per cent of the increase in the total public debt, reported The News International.
Like the previous government, the Pakistan Tareek-e-Insaf is also running on foreign and domestic loans and has failed to enhance revenues to such levels where its debt burden can be reduced, Express Tribune reported. (ANI)Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationChennai (Tamil Nadu) [India], July 11 (ANI): National Security Advisor Ajit Doval on Friday slammed foreign media for their reportage...
Islamabad [Pakistan], July 11 (ANI): Pakistan's poverty crisis continues to spiral out of control, with the World Bank's 2025 assessment...
Lucknow (Uttar Pradesh) [India], July 11 (ANI): The Additional Director General (ADG) of Law and Order, Uttar Pradesh, said that the...
New Delhi [India], July 11 (ANI): New Pakistan white-ball coach Mike Hesson has revealed the steps that experienced duo Babar Azam...
South Waziristan [Pakistan], July 11 (ANI): In an act of resistance, a grand jirga of the Mehsud tribe in Upper South Waziristan has...
Islamabad [Pakistan], July 11 (ANI): Pakistan is grappling with an alarming education crisis, with over 25.37 million children aged...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...