ISLAMABAD: According State Bank of Pakistan (SBP) figures, Pakistan’s foreign debt and liabilities reaches the highest figure of almost 74 trillion in the first month of the current financial year. It showed an increase of about Rs11.15 trillion in the last four years.
Pakistan’s foreign debt and liabilities in July 2013 stood at $61.9 billion, which was the first financial year of the present government. In July 2014, Pakistan’s foreign debt soared to $63.4 billion, showing an increase of $1.5 billion in one-year time.
In July 2015, the next year, the total of Pakistan’s foreign debt rose to $65.1 billion, recording an increase of $1.7 billion in one-year time. At the start of the next year i.e. July 2016, which showed an increase of $7.9 billion, the highest increase in debt in one-year time.
The SBP website reflects Pakistan’s total foreign debt piled up to Rs74 trillion, showing a record high debt in the history of the country.