Every Pakistani now owes PKR 295,000 in debt, as the country continues to borrow from national and international lenders due to financial challenges.
The Ministry of Finance has revealed that the average debt per citizen has climbed to PKR 295,000, with the nation’s total debt rising to PKR 71.24 trillion. This marks an increase of PKR 8.36 trillion compared to the previous fiscal year’s PKR 62.88 trillion.
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The total debt is now equal to 67.2% of Pakistan’s Gross Domestic Product (GDP). Domestic debt alone has jumped to PKR 47.160 trillion, while the external debt is now PKR 33.062 trillion. Out of this, the government’s net external debt has hit PKR 21.75 trillion.
The figures also show that Pakistan’s debt to the International Monetary Fund (IMF) has increased by PKR 292 billion, bringing the total IMF debt to PKR 2.33 trillion.
