Pakistan buried under heavy debt, for the first time the debt crossed Rs 50 trillion

On the one hand, where the condition of the economy of the neighboring country is very bad, on the other hand, if a report is to be believed, then the debt burden on this country is also increasing. In fact, citing official figures released on Wednesday, a report said that Pakistan’s total debt and liabilities have crossed 50.5 trillion Pakistani rupees (PKR). The amount of loan in rupees is more than the GDP of Pakistan.

According to the report, Rs 20.7 lakh crore of the total amount is the loan taken by the current government alone. At the same time, news agency ANI reported that the total debt and public debt of Pakistan is getting worse since the Imran Khan government came to power. In fact, on Wednesday, the State Bank of Pakistan released the loan figures till September 2021, since the arrival of these figures, the PM has described the increasing debt as Pakistan’s “issue of national security”.

Over PKR 20.7 trillion in 39 months

According to the data released, Pakistan’s total debt and liabilities reached a record PKR 50.5 trillion at the end of September 2021, an increase of PKR 20.7 trillion in the previous 39 months. The Express Tribune reported that the total debt of the country has increased by about 70 percent. In terms of debt, every person in the country owed Rs 1,44,000 in June 2018. But the same debt has now increased to Rs 235,000 by September 2021.

Vowed to reduce the cost of debt

Let us tell you that Pakistan’s PM Imran Khan had vowed in the year 2019 that he would bring the country’s public debt to less than 20 lakhs at any cost. Imran used to criticize the economic policies of the previous government and claimed that under his leadership the public debt in the country would be reduced.