1570 billion increase in loans to Pakistan
Karachi: Pakistan’s total debt burden in the first 9 months of the current fiscal year increased by 9%. According to the State Bank of Pakistan at the end of the third quarter of the current fiscal year and liabilities worth 19.30 trillion, total gross loans reached. At the end of the same period of the previous fiscal year was 17.73 trillion. During the 9 months of total loans and dues worth 1.57 trillion (1570 billion), an increase of Rs. Gross loans to narrow in 2005 introduced fiscal ryspansblyty and update Limitation Act, the total debt to GDP to 60 per cent limit is bound and total debt to this level to bring the fiscal year end of 2013 was given to the current government, like the previous government failed to control the budget deficit and increase in borrowings due to the continuous violation of the Act has been. At the end of the third quarter of the current fiscal year, the total volume of loans to GDP is 70.5 per cent. Fiscal and Debt Limitation Act which stipulates ryspansblyty. 10.5 percent from the level of 60 percent by the end of the quarter due loans 12.04 trillion in local debt, while foreign debt of 6.06 trillion included.The debt burden on the economy due to the greater part of their resources to pay the debt and is spending markup.
Until the third quarter of the current fiscal year and the actual amount of interest paid on loans 515.4 billion overall payments were made in the same period of the previous year’s 442.2 billion from 73.4 billion in payments (16.6% ) are over.