Pakistan external debt and liabilities reach historic high of $96.7 billions

Pakistan external debt and liabilities reach historic high of $96.7 billions
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*ISLAMABAD - Pakistan* external debt and liabilities have reached $96.735 billion by end of September.

Statistics released by the State Bank of Pakistan (SBP) on Tuesday revealed that the country’s external debt and liabilities in the corresponding period of last year stood at $85.642 billion, reports *The News.*

At end of FY18 in June this year, the external debt and liabilities stood at $95.342 billion. Consequently, the debt and liabilities constituted 31.2% of Pakistan’s gross domestic product in the period under review.

Most of this rise emanated from an increase in public debt, which soared 14% to $76.340 billion.

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