business

April 8, 2020

Public debt up 5.14 percent to Rs33.421trln in July-Feb FY20

KARACHI: Pakistan’s public debt rose by 5.14 percent to Rs1.635 trillion in the eight months of the current fiscal year, mainly due to increase in domestic debt accumulation, the central bank data showed on Tuesday.Public debt was Rs33.421 trillion at the end of February 2020, up from Rs31.786 trillion till end June 2019. Domestic debt increased 7.02 percent to Rs22.188 trillion at the end of February, while foreign debt rose slightly up 1.60 percent to Rs11.232 trillion.The growth in...