Pakistan's debt hits record high of Rs85.836 trillion
Web Desk
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20 Nov 2024
Pakistan’s debt and liabilities surged by 8.6 percent, or Rs74.17 trillion, year-on-year, reaching Rs85.836 trillion during this fiscal year compared to Rs78.419 in FY23, according to the State Bank of Pakistan’s latest data released on Wednesday.
The Total External Debt and Liabilities of the country declined by $2.6 billion during the same fiscal year, reaching Rs37.067 trillion from Rs37.343 trillion in FY24.
The report represented that the total debt and liabilities, in accordance with the percentage of GDP, increased by 80.4 percent in FY25.
Excluding liabilities, the total debt of the country in FY25 stood at Rs69.570 trillion, compared to Rs62.292 trillion in FY24.
According to the statistics, the debt from the International Monetary Fund (IMF) surged by Rs3.1 billion to Rs2.568 trillion compared to Rs2.258 trillion in the corresponding year.
Data indicated that the government’s domestic debt increased to Rs47.536 trillion compared to Rs39.698 trillion in the same period of FY24.
Additionally, by the end of the first quarter of the current fiscal year, Pakistan's liabilities were Rs44.84 trillion.
According to the document, the country's debt and liabilities amounted to Rs78.419 trillion rupees in September 2023.
The overall data showed that the country’s dependency on liabilities and debt further increased in FY25 compared to the previous year.
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