Islamabad, Nov 16 (HS): The State Bank of Pakistan has presented intimidating figures. The report said that the debt burden on Pakistan is constantly increasing. According to the latest data, in the first quarter of the current financial year, the foreign debt on Pakistan has crossed $ 543 million, or about 3900 million rupees.
According to experts, due to the lack of foreign investment, the debt burden is constantly increasing. New figures show that the liability on Pakistan has increased from $ 96.11 billion to $ 107.78 billion. It is being said that there are no signs of a quick improvement in the situation in the coming days.
Last month, Pakistan’s economic growth fell from 5.5 percent to 3.3 percent. It is estimated that next year it may reach 2.4 percent. The Pakistani rupee is also declining continuously. In August last year, the Pakistani rupee was worth 122 rupees against a US dollar, but now it has reached Rs 155. Experts say that there may be a further decline in this. After Imran Khan became the PM, the rate of inflation has also increased significantly. Last year, the inflation rate was 3.9 percent, which has now risen to 7.3 percent. It is being said that it could reach 13 percent next year.
