Haunting challenge for govt: Debt, liabilities surge to staggering Rs44.3 trillion
(WorldNews Pakistan)

ISLAMABAD: The Ministry of Finance on Tuesday conceded before the federal cabinet that the debt burden remains a major challenge as the total debt and liabilities had surged by Rs14.4 trillion in the last two years, up from Rs 29.9 trillion in June 2018 to a whooping Rs44.3 trillion by end of financial year (FY) 2020. He said the foreign debt stood at $70.2 billion in June 2018 that ballooned to $78 billion by end June 2020, it went up by $7.8 billion in two years of PTI`s rule, Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh informed the federal cabinet that met under chairmanship of PM...