Pakistan’s ruling government has broken all previous records in the borrowing money in the first year of its tenure. As per official data, one-year regime of the present government Rs 7.509 trillion (Pakistani currency) increase was recorded in the total debt of the country.
The State Bank of Pakistan has sent this borrowing data to the Prime Minister, Imran Khan‘s office, as per Pakistani media. The government has borrowed Rs 2.804 trillion from foreign sources and Rs 4.705 trillion from domestic sources, the also said.
According to the State Bank data, 1.43 per cent surge was noticed in the public debt of Pakistan is merely the first two months of the current fiscal year. The debt of the federal government has reached to Rs 32.240 trillion that was Rs 24.732 trillion in August last year.