The IMF stated that by the end of this fiscal year, government and government-guaranteed debt could rise to 818 trillion rupees.
Washington DC: The International Monetary Fund (IMF) estimated that Pakistan's debt will reach 818 trillion rupees by the end of this fiscal year, while the size of the federal budget is estimated at Rs154 trillion.
The International Monetary Fund predicted that the debt will reach Rs818 trillion by the end of this fiscal year, while the budget deficit and interest payments will exceed the approved amount.
According to media reports, the IMF has now estimated the size of Pakistan's federal budget at 154 trillion rupees, which will be 11 trillion rupees more than the approved budget this year.
The IMF stated that by the end of this fiscal year, government and government-guaranteed debt could rise to 818 trillion rupees, which would be more than 77% of Gross Domestic Product (GDP), and the budget deficit would increase to 82 trillion against the target of 69 trillion.
Actor Aymen Saleem gives birth to first child
- an hour ago
Blizzard disrupts life in central US, UK
- 37 minutes ago
7.1 magnitude earthquake in Tibet, 53 killed
- 3 hours ago
Severe cold wave across country, fog blankets most of Punjab
- 3 hours ago
PTI founder’s interim bail extended in six cases
- an hour ago
SpaceX launches first Starlink mission of New Year
- an hour ago
