The reason for the decline is the decision of commercial banks not to convert their liabilities into new loans (Photo File).
Islamabad: Pakistan’s external debt has increased by 4 billion 700 million dollars during the last one year.
According to the State Bank of Pakistan, the reason for this decrease in external debt is the decision of the commercial banks not to convert their liabilities into new loans, however, due to the tremendous decline in the value of the rupee against the dollar, the government has no particular reason for this. Did not benefit.
The central bank says that despite the decrease in external debt during the last year, the volume of external debt of the government has increased from 14 trillion 80 billion rupees to 17.90 billion rupees and the main reason for this is the 28 decimal point in the value of the rupee. 3 percent decrease.
According to the data released by the State Bank on Thursday, during the last year, the volume of external loans has decreased from 102 billion 20 million dollars to 97 billion 50 million dollars, but the reason for this decrease is not the increase in national production, but This amount was paid from the public treasury, resulting in a decrease of 68% or 12 billion 10 million dollars in the public treasury during one year.
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