Central govt debt rises 1.8 per cent in November
WEB DESK: In November 2024, the growth in debt stock month-on-month amounted to 1.8 per cent from Rs69.114 trillion in October 2024; this shows the increasing burden of external as well as domestic debts on the shoulders of the federal government. The federal government’s total public debt stock grew 11
Govt debt soars to Rs 67.8 trillion
In May, Pakistan’s federal government debt surged to Rs67.8 trillion, representing one of the most significant monthly increases on record. The State Bank of Pakistan (SBP) reported this rise, noting that the debt grew by Rs1.73 trillion in just one month, equating to an average increase of Rs56 billion per
Central govt’s debt rises by 8.6% to Rs66trn
WEB DESK: During the initial 10 months of fiscal year 2024, the central government’s combined domestic and external debt increased by 8.6%. As per the recent data disclosed by the State Bank of Pakistan (SBP), the federal government’s total debt reached Rs 66.083 trillion by April 2024, up from Rs
Pakistan tops list of countries borrowing from China
WEB DESK: According to a report by AidData, Pakistan’s total external debt owed to China amounted to $68.91 billion as of November 2023 It appears the Government of Pakistan aims to revive the China–Pakistan Economic Corridor (CPEC). However, this raises a critical question: will this initiative increase our debt ratio further, or
IMF warns of significant risks to Pakistan’s debt repayment capacity
IMF has expressed concerns over Pakistan’s ability to handle its debt amidst its economic challenges. The statement follows the arrival of an IMF support team in Pakistan to discuss a potential bailout package. According to the IMF’s recent staff report, Pakistan’s debt repayment capability faces significant risks, heavily reliant on