debts

The governments began borrowing thrusting the poor nation deep into debt

Pakistan’s deficit can reach Rs4tr due to coronavirus impact, according to IMF findings

Of this, external debt and liabilities stood at $99.1b by end of Dec 2018

Net international reserves stand at negative, SBP’s short-term liabilities at $12.2b

It was largely due to last govt’s expansionary fiscal policies and failure to reform tax administration

Borrowings in the past almost one year have touched around $9 billion

Major central banks prepare to tighten credit policies

There is some improvement though, which is the result of new tax policy measures

IPR report finds weak policy-making root of weak economic indicators

Govt had launched NDRP to discharge debt liabilities

Funds will be parked in state-owned Power Holding Limited, will take amount of loans to Rs365 billion

IMF says it won’t give a penny unless it sees concrete plan to cut debt burden