LAHORE – Pakistan government state run institutions and companies debt andliabilities 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 revealedon Monday.

As per details garnered, during FY 2017-18, debt and liabilities reach Rs1300 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 were2.4% (Rs 538 billion) of the GDP in 2012-13.

Debt and liabilities of Pakistan Steel reached Rs 131 billion.