PM Khan and his company and his company claimed before comming into government that they would probably less on debt .But now all their plans are in vain.
According to official documents, the Pakistan Tehreek-e-Insaf Government, in its first year in power, has collected a record public debt of Rs 7,509 billion.According to sources, foreign debt from August 2018 to August 2019 stood at Rs2,804 billion, while data collected at the internal level stood at Rs.Sources added that Pakistan’s total public debt increased by 1.43 percent to Rs 32.240 trillion in the first two months of this financial year.
According to data released by the State Bank of Pakistan, the total public debt at the end of June 2019 stood at Rs 31.786 trillion.At the end of August, the share of domestic loans increased by 3.68 percent to Rs 21.495 trillion. However, foreign debt fell 2.80 percent to Rs 10.745 trillion during the review period.Tax collection in the first quarter of this fiscal stood at Rs 960 billion, which is less than the government’s July-September target of Rs 1 trillion.
While this report is created on the recent report released by state Bank of Pakistan.