There has been a significant reduction of 1675 billion Pakistani rupees inPakistan’s overall debt during a one-month period, reflecting improvedfinancial conditions.
According to experts, this decrease in total debt attributed toadministrative measures, especially those aimed at curbing dollar smugglingand black marketing, as part of the responsible economic policies of theincumbent government.
Data from the State Bank of Pakistan indicates a noticeable decrease of1675 billion rupees in the government’s total debt during September 2023compared to August 2023. The total debt stood at 63,966 billion rupees atthe end of August, reducing to 62,129 billion rupees by the end ofSeptember.
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In the span of one month, there has been a 2.6% reduction in the totaldebt, with the debt now standing at 3056.2 billion rupees due to thestrengthening of the rupee. Despite the significant decrease in the volumeof debt by the end of September compared to August, the first quarter ofthe fiscal year witnessed an increase of 1450 billion rupees in the overalldebt.