Islamabad
The neighboring country of Pakistan, which is screwed from India, is groaning under the burden of debt. The report of Pakistan’s Economic Survey released on Monday revealed that its debt has reached the highest record level ever. Already, the financial condition of Pakistan has already become worse. According to the Economic Survey report, Pakistan’s total public debt (by March 2025) has reached 76,007 billion Pakistani rupees (76 trillions), which is the record for the highest debt in the country’s history.
This means that this debt in Indian rupee is Rs 23 lakh crore. Reports said that this public debt of Pakistan has almost doubled in the last four years, as it was a loan figure of Rs 39,860 billion in 2020-21. Ten years ago, Pakistan’s public debt was Rs 17,380 billion. In this way, in the last decade, Pakistan’s public debt has increased by about five times.
Pakistan’s general budget on 10 June
Let us know that Pakistan is preparing to present its annual budget on Tuesday (June 10). Before that, the government led by Shahbaz Sharif has released the country’s Economic Survey Report 2024-25 on Monday through its Finance Minister Muhammad Aurangzeb. It states that this figure with a loan of Rs 76,007 billion has a domestic debt of Rs 51,518 billion, while an external debt of Rs 24,489 billion is included.
Big warning in economic survey
Pakistan’s Economic Survey states that extremely or poorly managed debt can cause serious weaknesses. The survey report also states that if the burden of interest continues to grow in the same way and if it is not taken care of, it can hollow out long -term fiscal stability and economic security. Economic survey states, “Public debt was increased 6.7 percent during the first nine months of FY 2025.” Let us know that recently Pakistan has got a assistance of US $ 1.03 billion under the extended fund facility of IMF.
Youth unemployment is constantly increasing
It is clear from the report of the Economic Survey that the aim of the budget to be presented on Tuesday is not the good and betterment of the Pakistani people, but to please the IMF because Pakistan’s economic direction is being determined not by the public interest but with the terms of the debt. The impression of the IMF is clearly visible on the fiscal structure of Pakistan, whether it is forcibly spending or steps taken towards privatization. Even today, people in Pakistan are struggling for basic needs like fuel, food, while youth unemployment is constantly increasing.
