Tag Archives: National Debt

As of June 2024, Pakistan’s public and publicly guaranteed debt has soared to an unprecedented Rs74.6 trillion. This dramatic increase of Rs8.2 trillion, or 12.3%, from the previous fiscal year has pushed the debt-to-GDP ratio to a concerning 70.5%. This figure significantly surpasses the statutory limit of 57.5% set by the Debt Limitation Act, signaling potential trouble for the nation’s …

The Ministry of Finance has disclosed new details to the Senate about the substantial increase in Pakistan’s national debt over the past three years. According to the written response, the national debt surged by Rs31.5 trillion during this period. Specifically, in the fiscal year 2021-22, the debt rose by Rs9.4 trillion, followed by an increase of Rs13.7 trillion in 2022-23, …