Economic Survey 2016-17: Pakistan total debt increased by Rs 6,500 billions in last 4 years
ISLAMABAD: Pakistan's economic survey 2016-17 has been presented by Finance Minister Ishaq Dar .
As per the economic survey the total debts as per March 2017 estimates were recorded at Rs 20872 billion that rose from Rs 14318 billion when compared to 2013 however according to the lawmaker, they were less than 60 percent of GDP.
“Public debt was at 53.1% of GDP in 2008. It went up to 60.2% of GDP and it is now at 59.3% of GDP.” vowed the minister and said Pakistan would soon become a part of G-20 nations.
‘The foreign exchange reserves of the country were recorded at Rs 16.15 billion dollars’ said Ishaq Dar and added that the interest rate was being maintained at 5.75 percent.