Pakistan government state run companies debts and liabilities reach unprecedented high levels
LAHORE - Pakistan government state run institutions and companies debt and liabilities have rose sharply adding to the miseries of the new government.
The debts have rose in fiscal year (FY) 2017-18 by 23.5%, reports revealed on Monday.
As per details garnered, during FY 2017-18, debt and liabilities reach Rs 1300 billion which were recorded at Rs 1052 billion in FY 2016-17.
Debt and liabilities were 3.8% of the GDP in FY 2017-18 whereas they were 2.4% (Rs 538 billion) of the GDP in 2012-13.
Debt and liabilities of Pakistan Steel reached Rs 131 billion.