Government Debt Growth Declines to 15-Year Low: Khurram

Islamabad: The growth rate of government debt has declined to its lowest level in the past fifteen years.

According to Radio Pakistan, in a statement, Adviser to the Finance Minister Khurram Schehzad said the decline in debt pressures and the improvement in foreign exchange reserves reflect the impact of sustained policy reforms and more effective economic management, as shown by the latest statistics released by the State Bank of Pakistan.

He stated that the government’s debt currently stands at approximately 81.9 trillion rupees, while the broader figure of 97 to 100 trillion rupees being quoted also includes private sector liabilities.

Regarding external stability, Khurram Schehzad noted that foreign exchange reserves have improved, thereby increasing the country’s import coverage from about two weeks in 2023 to nearly three months.