Pakistan adds up Rs14,921b to national debt since July 2018

Debt and liabilities of Pakistan increased by Rs14,921 billion during the last two years and three months [from July 2018 to September 2020], which represented a 50 percent jump, reported 24NewsHD TV channel on Wednesday.

According to the State Bank of Pakistan (SBP), the total amount has thus reached the level of Rs448.1 trillion which is the highest in the country’s history.

It also means that the average daily increase in national debt stood at Rs18.15 billion since July 2018 while the total debt and liabilities were 98.3 of the GDP (Gross Domestic Product).

Meanwhile, the State Bank says internal debt saw an increase of Rs10.52 trillion during this period, raising the overall amount to Rs237.18 trillion.

As far as the external debt and liabilities are concerned, the amount reached Rs188.67 trillion after addition of over Rs21.33 trillion during the same period.

Further analysis of foreign debt shows that the share of private sector was Rs26.18 trillion and that of the state-run organisations and corporation had reached Rs7.91 trillion.