DebtClock: Every Pakistani is Over Rs. 115k in Debt, Thanks to Government!

Irrespective of which political party holds power, the national debt remains a crucial talking point when it comes to Pakistan.

Despite gradual improvement in various sectors and the economy growing at an eight-year high, Pakistan still isn’t completely out of the shambles it has found itself in.

“Pakistan’s high level of public debt, with a large portion financed through short-term instruments, does make the sovereign’s ability to meet their financing needs more sensitive to market conditions,” Mervyn Tang, lead analyst for Pakistan at Fitch Ratings Ltd., told Bloomberg.

How serious is the debt issue?

Two websites, Debt Clock and National Debt Clocks have tried to put the ‘debt trap’ in perspective.

Debt Clock

Debt Clock website is doing its part to alert the people about the challenge that Pakistan faces with the looming ‘debt trap.’

The website depicts a real-time counter which highlights Pakistan’s overall national debt. If you stare at the screen for a moment, you can see the numbers increasing drastically.

The Debt Clock also shows Interest and Per Capita numbers.

per_capita

debt1

Pakistan’s current nation debt stands at PKR 22.5 trillion, according to their website.

According to the data gathered by Debt Clock, the numbers imply that every Pakistani has to pay PKR 115,148.41, in order to clear the debt. When put in this perspective, it becomes mind boggling.

National Debt Clocks

However, Debt Clock is not the only website to have taken such an initiative. Another website which has done the same is National Debt Clocks.

debt2

 The national debt of Pakistan differs here, compared to Debt Clock.

The National Debt Clock also has a much in-depth count on the numbers, which are as following:

  • Interest Per Year.
  • Interest Per Second.
  • Debt Per Citizen.
  • Debt as Percentage of GDP.
  • Overall GDP.
  • Population.

debt3

To round the website off, it has also included some remarkable facts which leave you in a state of shock. Such as:

  • You could wrap $1 bills around the earth 242 times with the amount of debt Pakistan owns.
  • If you lay $1 bills on top of each other they would make a pile 6,797 km, or 4,224 miles high! That’s equivalent to 0.02 trips to the Moon!

The National Debt Clocks source gathers data from Pakistan’s government whereas Debt Clocks have not mentioned any source on their website.

Sports Analyst & Head of Sports Desk.


  • Well that’s not a lot for the urban middle class. For the wealthy, that’s probably chump change. If everyone comes together, we can get rid of national debt within months. Problem is these politicians don’t want that.

  • Absolutely WRONG!
    I being a Pakistani am not bound to pay this debt. Because this debt hasn’t reached to me or my family or my neighbor or my town or my city or my province or my neighbour provinces or my COUNTRY! NO! NOTHING!

    Those who took this debt (PPP/PMLN/PMLQ/PTI/JI/JUI whatever the fu*k) to fatten their as*ses must pay it.

  • Look at the debts of other countries dudes:

    USA: Debt per citizen $61,358
    India: Debt per citizen $682
    Japan: Debt per citizen $70,828
    Russia: Debt per citizen $1,033
    Canada: Debt per citizen $22,419
    China: Debt per citizen $4,055
    Pakistan: Debt per citizen $333

    It seems we are not the only one under the pool, the whole World lies here.. :P

      • In that case your debt is:
        Pak Debt: $333
        UK Debt: $$30,745
        Total in Dollars: 31,078
        Total in PKR: 32 lacs 56,819.01
        Multiply it with your family dependents and you will have real worthy amount.. :P

        I wonder, how could people dare to die owing so much of this debt on them.. :D

    • You are forgetting the exchange rates. Do not be fooled by these dollar values. Pakistan is financing its debt poorly and is failing to hedge them properly as well. All other countries like Japan, US etc indulge in hedging and swapping their loans which allow them to pay their debt quickly and make some profit via interest swapping or at least be break even. Our finance minister is as much incompetent as our leader Nawaz Sharif. Our condition will be worse than Greece and there will be no one to bail us out. Nawaz is running this country like a business and he will eventually file for bankruptcy or some other party will after the election because we are employing more debt for short term gains rather than for long term gains

    • Don’t mind my language.
      Kia India kay elawa kisi bhi aur mulk (jo list main hai) wahan janwaroun ki tarhan zindagi guzaar rhe hain log jaise Pakistan main hashr hai? Middle class khatam honay ko hai. Neechay giray gi woh lower-middle class main.
      Ashrafia donoun hathoun se mulk lootay ja rhi hai… Sindh aur Punjab kay ‘baadshah’ ek dosre ko galiyaan detay hoe khae ja rhe hain mulk ko.
      Paani nahi hai, light nahi hai, hospitals nahi hain, zindagi ki basic necessities nahi hain aur phir hum ek aisi list post krdetay hain k falan jagah pe bhi to ye masla hai.

  • Search on this website, India, USA, Japan are more in debt than Pakistan according to their respective GDPs.
    Yes, debt is bad but it depends on many other factors as well how much bad it is.

    • Population size is different l, inflation is different, CPI is different and IPP is different as well so comparing Pakistan with other countries is not quite relevant here. Your average income is lower than 333 dollars and not to mention, only 1%-5% people pay taxes in Pakistan which is extremely low to even service this debt in the next 20 years.

      • You are right. I also wanted to say that accounting only one factor is not fair. Yes debt is bad but one can not decide by only seeing debt.
        And I don’t know much about other factors and their affect.

      • Matlab kay baadshah salamat ko kuch bhi kaho tum log Imran Khan per personal attack krne lag jatay ho.
        Kab tak ghulami ki zindagi basar krte raho ge?

  • Ltd feature videos

    Watch more at LTD

    close
    >