The Ministry of Finance released a report on debt and inflation.
According to the report of the Ministry of Finance, the volume of loans increased due to the increase in interest rates, inflation and debt also increased due to the increase in the exchange rate of the dollar.
According to the report, Pakistan’s debt was 55 thousand 800 billion rupees by December 2022, in which local debt is 62.8 percent and foreign debt is 37.2 percent.
According to the report, the inflation rate in the country will be 28.5 percent this year, while the inflation rate will be 21 percent in the next financial year.
According to the report of the Ministry of Finance, debt is expected to be more than 70 percent of the economy by the year 2026 and the rate of inflation may be 6.5 percent in the year 2026.
The report of the Ministry of Finance also states that Pakistan’s public debt is still risky.
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