Moody’s report has shown external debt at $64.4 billion by end of fiscal year 2013. If the debt grows to $79 billion, it means that an additional $14.6 billion in debt has been added in the past four years alone.

The PML-N government is facing criticism for increasing the country’s debt burden, which is a direct result of low levels of exports and foreign direct investment.

The government’s narrow revenue base weighs on debt affordability and the level of external public debt poses a moderate degree of credit risk, according to the report. Meanwhile, exports and remittance inflows have slowed and capital goods imports have risen, resulting in renewed pressure on the external account.