Pakistan's overall debt crossing disastrous levels
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ISLAMABAD: Pakistan's economic condition is deteriorating with each passing day as the debt burden is drastically rising.
Pakistan's overall debt and liabilities have soared to an all-time high and have crossed Rs22 trillion ─ an increase of Rs8tr since the PML-N government came to power, said the recently released National Data Summary released by the State Bank of Pakistan (SBP).
The SBP summary shows that on September 30, 2016, the country’s overall domestic debt and liabilities stood at Rs14.79tr, whereas the external debt and liabilities stood at $72.98 billion on June 30, 2016.
In the present government’s three years, the domestic debt and liabilities showed an increase of Rs5.26tr and external debt more than Rs2.5tr.
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According to official documents in June 2013, the overall debt and liabilities were at the level of Rs14.32tr under which domestic debt and liabilities stood at Rs9.52tr and external debt and liabilities were recorded at Rs4.8tr.
