World

Pakistan’s financial situation deteriorating

While Pakistan has been in the news for the wrong reasons in the last four days, here is a brief story of the financial situation of that country.

As per a report by the State Bank of Pakistan, the debt and liabilities of Pakistan are shooting up rapidly. At the end of 2018 it was Pakistan Rupee (PKR) 33.3 trillion. The last six months of 2018 witnessed an addition of PKR 3.4 trillion.

The Pakistan government, with Pakistan Tehreek-e-Insaf in power, has been unable to keep its promise of reviving loss-making enterprises, because it has failed to control the losses. With a net addition of PKR 192.6 billion (13.8%) in the past six months, the public sector enterprises summed up losses to PKR 6 trillion.

The central bank also said that Pakistan owed up to USD 99.1 billion to external creditors, for the period ending December 2018. The finance ministry has adopted a new step: take new loans to repay the old ones.

Foreign exchange liabilities soared to $7 billion at the end of 2018, with a 36.4%, or $1.9 billion in the last six months.

In the six-month period, while the domestic liabilities of Pakistan dropped from Rs 819 billion to 734 billion, the external liabilities have soared from PKR 622 billion to PKR 970 billion, courtesy loans taken from China and Saudi Arabia.

29 Comments

29 Comments

  1. Pingback: research agency India

  2. Pingback: شات مجاني

  3. Pingback: bitcoin price

  4. Pingback: http://top10best.io/

  5. Pingback: hkpools

  6. Pingback: CBD Gummies for Pain

  7. Pingback: pug puppies for sale near me in usa canada uk australia europe cheap

  8. Pingback: Buy fake ids

  9. Pingback: lo de

  10. Pingback: 사설토토

  11. Pingback: Sex

  12. Pingback: beasiswa ppds 2021

  13. Pingback: 토토사이트

  14. Pingback: Replica copy TAG Heuer joins name agent Chris Hemsworth and praises the title with 160 years of glorious experience

  15. Pingback: DevOps Tools

  16. Pingback: Urban Nido Houses

  17. Pingback: 3D printing

  18. Pingback: DotNek Vývoj hier

  19. Pingback: ip stresser

  20. Pingback: Buy Guns Online

  21. Pingback: KWAVE

  22. Pingback: sbo

  23. Pingback: lire la suite

  24. Pingback: sbobet

  25. Pingback: Best Selling American Gun Brand

  26. Pingback: Key Wall Safe

  27. Pingback: look at this website

  28. Pingback: สล็อต ฝากถอน true wallet เว็บตรง 888pg

Leave a Reply

Your email address will not be published.

12 − nine =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us