ISLAMABAD: Pakistan’s external debt reaches highest level of history.
Pakistan’s external liabilities touched the highest number for the first time in history at the end of the third quarter of the current financial year on March 31st it stood at about $106 billion, state bank figures showed.
Same is the situation of internal debt. If combined external debt and liabilities and internal debt it Rs 35095 billion collectively, geo.tv learnt reliably. This number forms about 75 percent of GDP which under the constitution should not be more than 60 percent of GDP.
A glance of official documents showed that Pakistan external debt at the end of third quarter stood at $74.17 billion and liabilities were $31.67 billion. This number is highest as far as external debt and liabilities are concerned.
Last year on March 31st these loans were $92.288 billion which showed that Pakistan pile up her external loans by $13.6 billion.