Pakistan’s debt has surged by Rs.14 trillion within a span of one year

The depreciation of the currency and the imprudent policies implemented by the Pakistani government have resulted in an alarming surge in debt.

According to data released by the State Bank of Pakistan, there is a significant increase in the debt ratio compared to the previous year’s report.

The total debt of the central government has risen to Rs. 57.13 trillion, with domestic debt reaching a high of Rs. 35.076 trillion. It should be noted that these figures were 43.013 trillion and 28.077 trillion respectively in the previous year, 2022.

While the public fund debt remained unchanged, foreign currency loans skyrocketed from Rs. 8 billion to Rs. 296 billion.

The analysis provided in the report clearly highlights a staggering increase of Rs. 14 trillion within a span of one year, posing a serious concern for the country’s stability and sustainability.

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