Tuesday, July 16, 2024

Pakistan’s Debt Skyrockets to Rs. 62.5 Trillion

Recently, central Bank has shared a statistics according to which Pakistan’s total liabilities are surged with an unsustainable 24% to Rs62.5 trillion at the end of September 2022.

As per SBP (State Bank of Pakistan), the total debts of the country peaked by Rs12 trillion, or 23.7%, compared to the previous year.

The reports showed in the central bank’s latest debt bulletin suggest no political party neither PTI (Pakistan Tehreek-e-Insaaf), nor PML-N (Pakistan Muslim League-N), have a solution out of increasing debts.

With a raising number of loans, coupled with a lack of resources to pay back, Pakistan’s destiny has been placed in the handed over to the international financial institutions and the global powers.

Related Articles

Latest Articles