STATE OF PUBLIC FINANCES

Pakistan is in the vice of a debt 'trap'. Nothing reveals this more starkly than the recently released figures for the fiscal deficit and total debt and liabilities for 2018-19. The budget deficit has been recorded at 8.9 per cent of GDP, while total debt and liabilities have increased by a hefty Rs 10.3 trillion, or 35pc, in the last fiscal year alone, to cross Rs 40tr. At this level, the country's total debt and liabilities stand at 104pc of GD...

Dawn.com (Date:09/13/2019 04:49) Read full article >>

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Pakistan: Pakistan ), officially the Islamic Republic of Pakistan , is a sovereign country in South Asia. With a population exceeding 180 million people, it is the sixth most populous country and with an area covering 796,095 km2 , it is the 36th largest country in the world in terms of area. Located at the c
- Pakistan Wikipedia
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