*ISLAMABAD: *Pakistan’s debt and liabilities have dangerously exceeded thesize of its economy and peaked to a record Rs40.2 trillion at the end oflast fiscal year – an addition of a whopping Rs10.3 trillion in a singleyear.
The Rs40.2 trillion total debt and liabilities were equal to 104.3% of theGross Domestic Product (GDP), reported the State Bank of Pakistan (SBP) onFriday.
It was for the first time since the year 2000 when Pakistan’s total debtand liabilities were higher than the size of its economy.
In 2000, the country’s total debt and liabilities were equal to 106% of theGDP.
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Total debt and liabilities also include the public sector enterprises’(PSEs) debt, non-governmental external debt and inter-company external debtfrom direct investors abroad.
