Pakistan’s whole debt burden continued to rise and reached a whopping Rs 63,399 trillion, on the finish of November in FY2023-24.
In response to particulars, nation’s whole debt elevated by over Rs12.430 trillion throughout the tenure of the PDM and the caretaker authorities.
Pakistan’s total debt burden surged to Rs63.390 trillion together with Rs40.956 trillion home mortgage and Rs22.434 trillion in worldwide loans.
The report additional mentioned the nation’s total debt stood at Rs50.959 trillion in November 2022. The burden of the mortgage was recorded at Rs63.390 trillion in November 2023.
Earlier it emerged that Pakistan assured the Worldwide Financial Fund (IMF) of the contemporary mortgage programme.
In response to the Memorandum of Financial and Monetary Desk, Pakistan has assured to extend Pakistan’s overseas reserves to $13.6 billion in FY2024-25 to avail of the brand new mortgage programme from the worldwide lender.
Pakistan will search a rollover of $6.34 billion mortgage within the subsequent monetary yr, whereas the overseas funding might be jacked up by %1.31 bn, the MEFPT said.