In a first, Pakistan's debt, liabilities cross PKR 50 trillion

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)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.

More Information

null in null

Southeast Asia

Section

"You show me one photograph..." NSA Ajit Doval slams foreign media's coverage of Operation Sindoor

Chennai (Tamil Nadu) [India], July 11 (ANI): National Security Advisor Ajit Doval on Friday slammed foreign media for their reportage...

44.7% of Pakistanis in poverty while neighbours progress, World Bank reveals alarming data

Islamabad [Pakistan], July 11 (ANI): Pakistan's poverty crisis continues to spiral out of control, with the World Bank's 2025 assessment...

UP ATS obtains 7-day remand of Chhangur Baba & his main associate Neetu

Lucknow (Uttar Pradesh) [India], July 11 (ANI): The Additional Director General (ADG) of Law and Order, Uttar Pradesh, said that the...

New Pakistan white-ball coach Mike Hesson outlines steps to return path for Babar and Afridi in T20

New Delhi [India], July 11 (ANI): New Pakistan white-ball coach Mike Hesson has revealed the steps that experienced duo Babar Azam...

Pakistan's military operations in Waziristan bring devastation, tribal Jirga condemns state violence

South Waziristan [Pakistan], July 11 (ANI): In an act of resistance, a grand jirga of the Mehsud tribe in Upper South Waziristan has...

Japan-backed report highlights Pakistan's education crisis: 25 million children out of school

Islamabad [Pakistan], July 11 (ANI): Pakistan is grappling with an alarming education crisis, with over 25.37 million children aged...

Business

Section