Imran Khan-led Government Breaks Debt Record

Sputnik International Finance 2 months ago

According to official data, the total debt of Pakistan rose by Rs. 7,509 billion ($48.1 billion) during the first year of the Imran Khan-led government.

The State Bank of Pakistan says that a 1.43 percent surge in borrowing was seen during the first two months of the current fiscal year alone.

The debt of the federal government has reached to Rs. 32,240 billion ($206.6 billion) compared with just Rs.24,732 billion ($158 billion) in August last year.

In July this year, the International Monetary Fund (IMF) approved a $6 billion bailout package under a 39-month extended arrangement to help Pakistan to generate sustainable and balanced growth.

During his recent three-day China visit, Prime Minister Khan has said that corruption was one of the biggest challenges currently faced by Pakistan.

"This is important not only for Pakistan but for most of the developing world because corruption stops investment. Corruption is one of the biggest impediments to the investments coming into your country," Khan added.


Source link
Read also:
The Sun › 1 month ago
CRICKET legend Imran Khan became famous across the world in the 1980s as the inspirational heart-throb captain of the Pakistan national team. Now, the sporting icon his nation’s Prime Minister – here is his story. Who is Imran Khan? Imran Khan was...
Sputnik International › 1 month ago
New Delhi (Sputnik): Pakistan observed “Black Day” on 27 October to mark the anniversary of what Prime Minister Imran Khan described as “the day Indian forces entered Kashmir in 1947”. In a brief televised message, Khan reiterated his pledge to...
Sputnik International › 2 weeks ago
New Delhi (Sputnik): Earlier this week, Prime Minister Imran Khan said that the decision to extend the tenure of Bajwa is final. On 19 August, Khan had appointed Gen Qamar Javed Bajwa as the chief of army staff till 2022.
Sputnik International › 1 month ago
New Delhi (Sputnik): In July, the Asia Programme Coordinator of the committee Steven Butler wrote an article about Prime Minister Imran Khan-led Pakistan Government's "crackdown" on the press in the Washington Post.
Sputnik International › 1 month ago
New Delhi (Sputnik): Thousands of protesters and supporters have gathered under the banner of the Jamiat Ulema-e-Islam-Fazlur, (JUI-F), Pakistan’s fifth largest political party, to unseat the federal government of Prime Minister Imran Khan, which...
Sputnik International › 1 month ago
New Delhi (Sputnik): It is expected that over 100,000 workers of the Jamiat Ulema-e-Islam-Fazl (JUI-F) will converge in the capital city of Islamabad this Thursday, with the goal of dislodging the Imran Khan government.
Reuters › 1 month ago
Tens of thousands of Pakistani opposition supporters rallied on Friday to demand the ouster of what they say is the illegitimate government of Prime Minister Imran Khan, warning of chaos if their demands were not met.
Express › 1 month ago
TENS of thousands of Pakistani opposition supporters rallied on Friday to demand the end of what they insist is the illegitimate government of Prime Minister Imran Khan, warning they will spark chaos if the demands are not met.
Telegraph › 1 month ago
Tens of thousands of Islamists rallied alongside opposition supporters in Pakistan's capital Friday, as the firebrand cleric leading anti-government protests called on Prime Minister Imran Khan to step down within 48 hours.
RT › 0 month ago
Ex-wife of Imran Khan has won a libel case launched after a government minister claimed live on air that her husband’s rivals paid her to write a revealing memoir on the PM’s alleged gay tendencies and drug addiction. Read Full Article at RT.com
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR