business

September 15, 2019

Public debt rises 3.9 percent to Rs33.023trln in July

KARACHI: Pakistan’s public debt rose 3.9 percent or Rs1.237 trillion to Rs33.023 trillion in the first month of the fiscal 2019/20 as the government continued to rely on domestic and external borrowings to meet its budgetary needs.The State Bank of Pakistan data showed total public debt stood at Rs31.786 trillion till the end of June 2019.The government’s domestic debt rose 6.2 percent to Rs22.012 trillion. Foreign debt has been recorded at Rs11.011 trillion in July 2019, compared with...