Every new born Pakistani child bears loan of over 100,000 Rupees: Report
ISLAMABAD: The internal and external debts of Pakistan are increasing consistently while the debts of Pakistan have increased by Rs. 800 billion from June to September, current fiscal year.
As per details, every new born Pakistani child has to bear loan of over Rs. 100,000 while collective debts of Pakistan have crossed Rs. 181 trillion. Finance Ministry has issued policy report regarding debts.
According to the report, debts of Pakistan has increased to 181 trillion by the end of September, 2015 while the amount of debts was 127 trillion at the end of June, 2015.
The report further stated that local debts of Pakistan are Rs. 127 trillion and foreign debts of Pakistan are 51 billion dollar.
A positive point of the report is that debts have become 60% of the economy of Pakistan while previously debts was 63% of the economy of Pakistan. According to the rule, debts of Pakistan should be lower than 60% of GDP.