[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]
Pakistan’s gross public debt has outpaced its gross domestic product (GDP) growth over the past 20 years. According to Arif Habib Limited, as of the fiscal year 2022-23 (FY23), Pakistan’s gross public debt stands at Rs. 62.9 trillion, equivalent to 74.3 percent of GDP. This represents a significant increase from the FY23 debt level of Rs. 3.7 trillion, which accounted for 56.1 percent of GDP. The growth in debt has occurred at a compounded annual growth rate (CAGR) of 15.2 percent over the past two decades.
During this 20-year period, Pakistan’s domestic debt has expanded at a CAGR of 16.3 percent, reaching Rs. 38.8 trillion, while its external debt has increased at a CAGR of 13.8 percent over the same timeframe.
Read more : Pakistan Ranks 3rd Among Countries Most High Risk to Debt Crisis
The size of Pakistan’s economy has expanded to Rs. 84.7 trillion in FY23, compared to Rs. 6.6 trillion two decades ago, representing a CAGR of 13.6 percent over the last two decades.
Out of the total debt increase of Rs. 59.2 trillion over the past two decades, a substantial Rs. 37.9 trillion increase has occurred in the last five years.
[/vc_column_text][/vc_column][/vc_row]
