Pakistan's net public debt crosses Rs18 trillion mark
ISLAMABAD: Pakistan’s net public debt has crossed the Rs18.28 trillion mark, rising about 35pc during the tenure of the ruling Pakistan Muslim League-Nawaz (PML-N).
This was reported by the ministry of finance, in response to a question from Pakistan Peoples Party (PPP) MNA Shahida Rehmani in the National Assembly last week. “The volume of net public debt as on Sept 30, 2016 was Rs18,277.6 billion,” the ministry’s response said.
Total public debt stood at Rs13.48tr at the end of 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 .
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