Total country’s debt surges to PkR 11.6 tn by April 2012 – Alfalah Securities Limited

Karachi, June 07, 2012 (PPI-OT): Pakistan’s total debt (domestic and external) stocks continues to rise as it reached the level of PkR 11.639 tn mark, surging by 14% during the 10MFY12 as against PkR 10.176 trn as on June 30, 2011 as revealed by State Bank of Pakistan.

According to Alfalah Securities Limited, the domestic debt recorded a sharp increase mainly due to rise in fiscal deficit. The federal government’s domestic debt has increased to PkR 7.296 tn in April depicting a surge of 21.25% as compared to PkR 6.017 trn on July 1, 2011. Similarly, a rising trend was also seen in the external debt which inched up to PkR 4.342 tn in April 2012 higher by 4.4% from PkR 4.159 tn at the end of FY11.

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