Pakistan PM: imran khan Government breaks the record, borrows Rs 7500 bn in 1st year of tenure
New Delhi: Pakistan’s ruling imran khan Government has broken all previous records of the borrowing money merely in the first year of its tenure. According to the analysis of the official data, during the starting one-year regime of the present government Rs 7,509 billion (In Pakistani currency) increases were recorded in the total debt of the country.
A report in the Pakistani media, citing sources, said the State Bank of pakistan has sent this borrowing data to the Prime Minister’s Office. Between the August 2018 year and August 2019 year, the government has borrowed Rs 2,804 billion from foreign sources and Rs 4,705 billion from a domestic point of sources, the report said.
According to the State Bank data, a 1.43 percent surge was noticed in the public debt of pakistan is merely the first two (2) months of the current fiscal year. The debt of the federal central government has reached Rs 32,240 billion that was Rs 24,732 billion in August last year.
The government’s tax collection in the first quarter of the current fiscal was Rs 960 billion while the target was Rs 1 trillion, the according to report said.
