Pakistan's internal and external debt burden has reached a whooping Rs64 trillion, according to the State Bank of Pakistan (SBP).
The SBP on Thursday released the statistics of the loans taken by the federal government.This has increased the volume of local loans to Pakistan by 24% to Rs39.792 trillion.The SBP's statistics also show that the federal government's debt servicing costs have increased by 44% to Rs1.534 trillion in the first two months of the current fiscal year.
The government has been trying to reduce the country's debt burden, but it has been unsuccessful so far. Earlier this year, the Pakistan Democratic Movement government announced a new austerity plan aimed at reducing the fiscal deficit and debt burden. Recently, the trade deficit narrowed to $5.3 billion in the first quarter of the fiscal year 2023-24, a decrease of 42% compared to the same period last year.Besides this, the inflation rate in Pakistan was recorded at 31.4% year-on-year in September from 27.4% in August.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Canada visitor visa: Pakistani travelers recommended bank statement balancethe Canadian government does not specify a minimum balance requirement, maintaining a healthy account balance could potentially bolster an applicant's chances of obtaining a visa.
مزید پڑھ »
Clarification on State Bank of Pakistan warning to banks depositorsDeposits only up to 500,000 rupees have legal cover: warns State Bank
مزید پڑھ »
Congratulations to Dimple Queen on 10m followers on InstagramGorgeous Pakistani actress Hania Aamir, the dimple queen of Pakistani showbiz industry has reached 10 million Instagram followers!...
مزید پڑھ »
- Challenges Pakistan have to surmountThis time round, the Pakistani side is uniquely different due to multiple factors
مزید پڑھ »
AED into PKR rate today - UAE Dirham to Pakistani RupeeUAE Dirham to Pakistani Rupee has seen decline of Rs0.27
مزید پڑھ »
Deposits only up to 500,000 rupees have legal cover: warns State BankThe Deputy Governor of the State Bank of Pakistan has warned depositors that only amounts up to five lakh rupees are legally protected in banks in Pakistan. Here's what depositors can do to protect their savings.
مزید پڑھ »