Pakistan’s debt soars to record Rs81tr

Pakistan’s total debt and liabilities increased at a double-digit pace to a new record of nearly Rs81 trillion during the past year, as the country grapples with finding new sources of financing to meet its growing debt servicing needs due to junk credit ratings. According to the State Bank of Pakistan (SBP), Pakistan’s total debt and liabilities surged by Rs8.4 trillion as of the end of March compared to the previous year. Consequently, the country’s debt and liabilities reached a record Rs81 trillion, with Rs4.4 trillion attributed to liabilities.