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Pakistan on the verge of economic bankruptcy and Imran government made this record Pakistan on the verge of economic bankruptcy and Imran government made this record
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Islamabad. The ruling Imran government in Pakistan, which is on the verge of economic bankruptcy, has taken a record loan in its one-year term.... Pakistan on the verge of economic bankruptcy and Imran government made this record

Islamabad. The ruling Imran government in Pakistan, which is on the verge of economic bankruptcy, has taken a record loan in its one-year term. According to official figures, the country’s total debt has increased by 7509 billion rupees (Pakistani) in one year of the government. According to the report published in the Pakistani media, the sources said that the State Bank of Pakistan has sent the loan figures to the Prime Minister’s Office.

Sources said that between August 2018 and August 2019, loans worth Rs 2804 billion were taken from abroad and Rs 4705 billion from domestic sources. Sources said that according to State Bank data, the public debt of Pakistan has increased by 1.43 per cent in the first two months of the current financial year. This debt of the federal government has increased to Rs 32,240 billion. In August 2018, this debt was Rs 24,732 billion.

The media report quoted the figures as saying that the government’s tax collection in the first three months of the current financial year stood at Rs 960 billion, which is less than the target of Rs 1 trillion. Sources say that the importance of Imran Khan’s visit to Beijing is even more important because it happened just before the Chinese President Xi Chinping’s visit to India.

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