Pakistan’s Mounting Debt: A Closer Look at the Rs63.399 Trillion Burden

Pakistan’s total Debt has Surged to a Staggering Rs63.399 Trillion by the end of November in the Fiscal Year 2023-24 according to an Official Report. The Data Reveals an increase of Over Rs12.430 Trillion in the Country’s Overall Dept Burden during the Tenures of the Pakistan Democratic Movement (PDM) and the Caretaker Government. The Breakdown includes Rs40.956 trillion in Domestic loans and Rs22.434 Trillion in international Loans. Comparatively the Country’s total Debt was Rs50.959 Trillion in November 2022, indicating a Significant rise in just one Year.

This Escalating Debt Situation Comes amid Assurances Given by Pakistan to the International Monetary Fund (IMF) for a New Loan Program. As Outlined in the Memorandum of Economic and Financial Table, Pakistan has Committed to increasing its Foreign Reserves to $13.6 Billion in the Fiscal year 2024-25 to Facilitate the new Loan Program. The Plan includes Seeking a Rollover of a $6.34 Billion Loan in the next financial Year along with a Boost in Foreign investment by $1.31 Billion.

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The mounting Debt Raises Concerns about the Economic Stability of Pakistan Emphasizing the challenges faced by the Government in Managing its Finances. The impact of these Economic Developments Extends beyond the financial Realm affecting the Overall well-being of the Nation. As the Country Grapples with its Debt Burden, it underscores the need for Prudent Financial Management Strategic ,Planning and Sustainable Economic Policies to Navigate these Challenges effectively.


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The Evolving Economic landscape Demands Careful Consideration and Proactive measures to ensure a Balanced and Resilient financial Future for Pakistan.