Pakistan's total debt rises to Rs54.94tr SBP.
Pakistan's economic crisis is getting worse with every passing day, as the latest report issued by the State Bank of Pakistan stated that the country's overall debt rose sharply by 38.1% to Rs54.94 trillion by the end of January 2023 as compared to the year-ago period.
According to the report released by the State Bank of Pakistan (SBP), Islamabad's total debt has swelled to Rs54.94 trillion. The report further mentioned that the overall debt increased by Rs3.94 trillion in December 2022.
Pakistan's foreign debt was Rs20.68 trillion in January 2022, the SBP report said.
The report said the rise in debt could be attributed to massive devaluation in the local currency against the United States dollar (US Dollar).
Meanwhile, cash-strapped Pakistan has communicated to the IMF...
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