Pakistan’s total debt and liabilities skyrocketed to Rs44.5 trillion by June this year, an addition of a whopping Rs14.6 trillion or 49% compared with the debt burden two years ago, the State Bank of Pakistan (SBP) reported on Thursday.

The Rs44.5 trillion total debt and liabilities were equal to 106.8% of gross domestic product (GDP), which was the highest level in the past 20 years and was a grim reminder of the period when the country was on the verge of default. It was for the second successive year that Pakistan’s total debt and liabilities were higher than the size of its economy.

In 2000, the country’s total debt and liabilities were equal to 106% of GDP. Statistics released by the SBP showed that by the end of last fiscal year, the country’s total debt and liabilities soared to Rs44.5 trillion. Within a span of just two years, there was an increase of Rs14.6 trillion, or 48.8%, in the overall debt and liabilities.

https://tribune.com.pk/story/2261534/total-debt-liabilities-peak-to-rs445tr