World Neighbours 30 Aug 2016 Pakistan's fore ...

Pakistan's foreign debt soars to Rs 74 trillion

PTI | DECCAN CHRONICLE
Published Aug 30, 2016, 11:26 am IST
Updated Aug 30, 2016, 11:38 am IST
Pakistan's foreign debt and liabilities touched the highest ever figure of over Rs. 74 trillion in the first month of the current fiscal year. (Photo:
 Pakistan's foreign debt and liabilities touched the highest ever figure of over Rs. 74 trillion in the first month of the current fiscal year. (Photo:

Islamabad: Pakistan's foreign debt and liabilities touched the highest ever figure of over Rs. 74 trillion in the first month of the current financial year, the country's central bank said on Tuesday.

It showed an increase of about Rs. 11.15 trillion in the last four years, State Bank of Pakistan (SBP) said.

Pakistan's foreign debt and liabilities in July 2013 stood at $61.9 billion, which was the first financial year of the present government.

In July 2014, Pakistan's foreign debt soared to $63.4 billion, showing an increase of $1.5 billion in one-year time, Geo TV reported.

In July 2015 the total size of Pakistan's foreign debt rose to $65.1 billion recording an increase of $1.7 billion in one-year time. In July 2016, which showed an increase of $7.9 billion, started the highest increase in debt in one-year time.

The SBP website reflects Pakistan's total foreign debt piled up to Rs. 74 trillion, showing a record high debt in the history of the country.

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