Islamabad: Ministry of finance has disclosed a staggering figure of Rs. 18.28 Trillion which Govt of Pakistan owes to the public. A rise of about 35 percent during current PMLN Govt.
In response to a question from Pakistan Peoples Party (PPP) MNA Shahida Rehmani in the National Assembly last week the answer of finance ministry was “The volume of net public debt as on Sept 30, 2016 was Rs18,277.6 billion.
Total public debt stood at Rs13.48tr at the end of fiscal year 2012-13 — almost three years ago. The major contribution to the increase in net public debt came from an almost 40pc rise in domestic debt, which rose from Rs8.686tr at the end of 2013 to Rs12.14tr at the end of the first quarter of the current fiscal year (FY 2016-17).