Pakistan’s foreign debt has been steadily increasing; at the end of August of the fiscal year 2023–24, it had grown to an impressive Rs 63,966 billion.
In the same time span, local debt rose to Rs 39,791 billion, while foreign debt also surged to $24,174 billion. This indicates a significant rise in total loans over the previous year of Rs 14,506 billion.
At Rs 49,571 billion, the loan volume in August 2022 was significantly less. It’s important to remember that at the same time period, domestic debt was Rs 32,152 billion and international debt was $18 trillion.
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