Pakistan total Debt Liability cross Rs 50 Trillion

For the first time ever, Pakistan’s total debt and liabilities have crossed Rs50.5 trillion, an addition of Rs20.7 trillion under the current government alone, revealed the official figures released by State Bank of Pakistan.

Pakistan’s total debt and liabilities jumped to the record Rs50.5 trillion at the end of September 2021, an addition of Rs20.7 trillion in the past 39 months. There was an increase of nearly 70% in total debt of the country. Current government added, on average, Rs14 billion a day to the public debt.

In February 2019, PM Khan had vowed to bring the public debt down to Rs20 trillion. He had been very critical of the economic policies followed by the previous PPP and PML-N governments and had set up the Debt Inquiry Commission to investigate the reasons behind the addition of Rs18 trillion to the debt stock in 10 years. Despite completion of the inquiry, the premier has withheld the release of the report.

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