Public debt
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The galloping public debt
Successive governments have been unable to bring these numbers down to sustainable levels
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Total public debt stands at Rs38tr
Shaukat Tarin says debt not good but necessary to fund high fiscal deficit
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$16b to be borrowed to retire debts in FY22
Pakistan expects to get $3.1b from IMF in next fiscal year
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Public debt jumps Rs3.7tr in a year
Govt under pressure to reduce dependence on short-term debt
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Galloping debt
Government will indeed think out of the box in order to get out of this debt trap
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Fattening public debt
The PTI government has now added over Rs10.2 trillion to the public debt since coming to power
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Public debt may rise to 90% of GDP
IMF says balance of payments situation may worsen due to economic shocks
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Pakistan seeks rollover of half of $28b debt
Amount includes $23b principal loans, another $4.6b on account of interest payments
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Soaring public debt
Even more appalling is theSBP’s forecast that the govt is on track to double the public debt by the end of its term
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Pakistan’s public debt rises 21% to Rs33.4 trillion
Government adds nearly Rs6tr in one year and situation is likely to worsen