Pakistan’s Total Debt and Liabilities Surge to Rs. 47.8 Trillion

Pakistan’s total debt and liabilities have surged to Rs. 47.829 trillion (100.3% of the GDP) until June 2021.

According to the documents shared by the State Bank of Pakistan (SBP), the country’s total debt and liabilities stand at Rs. 47.829 trillion, which includes a loan of Rs. 45.546 trillion, and Rs. 2.282 trillion in liabilities.

The domestic debt surged to Rs. 26.265 trillion after the addition of Rs. 9.848 trillion over the last three years. On the other hand, a loan of Rs. 6.891 trillion was obtained between July 2018 and June 2021.

Overall, a massive increase of Rs. 17.949 trillion was observed in the domestic and foreign debts from July 2018 to June 2021, as revealed in the documents.

The documents detailed that the total debt was recorded at Rs. 29.879 trillion in June 2018, which includes Rs. 16.416 trillion in domestic debt.

During its five-year tenure (2013-2018), the Pakistan Muslim League Nawaz government had taken a loan of Rs. 15.561 trillion. The documents also showed that the Pakistan Peoples Party had borrowed an amount of Rs. 8.2 trillion from 2008 to 2013, and the total debt was Rs. 14.31 trillion.

Furthermore, Pervez Musharraf’s nine-year-long government had added a loan of Rs. 3.200 trillion to the national exchequer.

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