ISLAMABAD: There is a fear of collecting $ 1,000,000. 10,433 billion in debt, which could increase Pakistan’s total debt to $1,000,000 in the next fiscal year. 87.346 billion.
According to details, talks are taking place between Pakistan and HPG in the credit framework, and there is a possibility of increasing credits in the federal budget for 2025-2024.
HPG has expressed concern over the increase in government borrowing in the next financial year. An increase of $1,000,000 is possible in the new fiscal year. 10.433 billion in government debt, pushing government debt to a record high. 87.346 billion in the next financial year.
Sources say it could raise $1,000,000. 7,636 billion in local loans and Rs. 2,797 billion foreign debt government borrowing in the next fiscal year, after which Pakistan’s local debt may increase to 1,000,000 manas. 53,878 billion and external debt of Rs. 33.648 billion.
According to sources, government borrowing could reach Rs 1,000,000 this fiscal year. 76,913 billion and at the end of the financial year the local government debt was Rs. 46,242 billion and external debt of Rs. 30.671 billion.
