Pakistan foreign debt increased by US$3.5 billions in the last six months
ISLAMABAD: The foreign debts of Pakistan have increased by US$3.5 billions in the last six months of current fiscal year.
According to the State Bank of Pakistan, the volume of foreign debts has reached to US$68.5 billion with the addition of US$3.5 billion from June to December 2015. On the other hand, foreign exchange reserves have increased to US$ 20 billion.
According to the experts, the economy of Pakistan has stabled temporarily due to borrowings from IMF and other financial institutions but the burden of the debts may create problems for the people of Pakistan in the form of increasing tax on them in coming time.