Pakistan’s net public debt has crossed the Rs18.28 trillion mark (Pak Rs), rising about 35 per cent during the tenure of the ruling Pakistan Muslim League-Nawaz (PML-N), a Pak daily reported.
According to a report in Pakistan’s newspaper Dawn, the Pakistani ministry of finance has revealed that Pakistan’s net public debt as on Sept 30, 2016 was Rs 18,277.6 billion.
The ministry said this in response to a question from Pakistan Peoples’ Party (PPP) MNA Shahida Rehmani in the Pakistani National Assembly last week, the report said.
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“Total public debt stood at Rs13.48tr at the end of the fiscal year 2012-13 — almost three years ago. The major contribution to the increase in net public debt came from an almost 40pc rise in domestic debt, which rose from Rs8.686tr at the end of 2013 to Rs12.14tr at the end of the first quarter of the current fiscal year (FY 2016-17),” it said.
Additionally, the report added, the country’s foreign debt posted an increase of 28pc and went from Rs4.796tr in 2013 to Rs6.14tr on Sept 30, 2016.