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Pakistan Government Adds $14b to Public Debt
Pakistan’s economy, reeling under tremendous pressure over mounting external debt, is now facing another challenge — an increase in internal debt.
Country’s banking regulator State Bank of Pakistan’s (SBP) latest data reveals that during the last one year, the Pakistan People’s Party-led government has added about $14 billion to the country’s public debt, while total outstanding domestic debt rose by a whopping Rs609 billion, or $7.34 billion, as at the end of July 2009.
Country’s banking regulator State Bank of Pakistan’s (SBP) latest data reveals that during the last one year, the Pakistan People’s Party-led government has added about $14 billion to the country’s public debt, while total outstanding domestic debt rose by a whopping Rs609 billion, or $7.34 billion, as at the end of July 2009.