Tuesday, June 18, 2024

Pakistan’s Debt Increased by Rs. 12 Trillion in 10 Months

The coalition government has increased the government debt by about 12,000 Billion rupees in 10 months, never in the country’s history has the country’s debt increased so much in less than a year, Since Shahbaz Sharif assumed the Prime Ministers Office, the volume of loans has increased by 27.7 percent. According to the details, during the 10 months of Prime Minister Shehbaz Sharif ‘s tenure, the total debts of the federal government reached 54,942 billion rupees.

According to the report of Dunya News, the volume of federal government loans was 43 thousand 12 billion rupees till March 31, 2022, which has now increased to 54,942 billion rupees with an increase of about 12,000 billion rupees. According to the report of the Central Bank, local loans increased by 22 percent or 6,179 billion rupees, the volume of local loans has reached 34,255 billion rupees, on March 31, 2022, local loans were 28 thousand 76 billion rupees.

External loans increased by 38.5 percent or 5,751 billion rupees, after which external loans have reached 20 thousand 687 billion rupees. On March 31, 2022, the volume of external loans was 14,936 billion rupees. While according to the report of Express News, the debt of the federal government increased to about 55 thousand billion rupees by the end of January, it increased by 7,200 billion rupees between July 2022 and January 2023 of the current financial year.

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