Web Desk
Islamabad: The Federal Ministry of Finance has released a report on domestic debt.
According to the report of the Ministry of Finance, due to the increase in the interest rate, the volume of loans has increased, and the increase in the exchange rate of the dollar has also increased inflation and debt.
According to the report of the Ministry of Finance, the debt of Pakistan was 55 thousand 800 billion rupees by December 2022, the exchange rate of the dollar increased by 11% from July to December, the local debt in Pakistan’s debt is 62.8%, and the foreign debt in Pakistan’s debt is 37.2%. From July to December, took a foreign loan of 3.2 billion dollars, and returned 2.7 billion dollars.
According to the Ministry of Finance, the inflation rate in the country will remain at 28.5% this year, and the inflation rate will remain at 21% in the next financial year. The inflation rate maybe 6.5%.
The report states that the exchange rate of the dollar is likely to increase by 6 percent by 2026, the economic growth rate is likely to be 0.8 percent in the current financial year, and the target of keeping the economic growth rate in the current fiscal year is 5 percent.
According to the report, the rate of inflation is likely to be 21 percent in fiscal year 2024, the rate of inflation is likely to be 7.5 percent in fiscal year 2025, the rate of economic growth is likely to be 3.5 percent in fiscal year 2024, the rate of economic growth is likely to be 3.5 percent in fiscal year 2025. 5 percent, the economic growth rate is expected to be 5.5 percent in FY 2026.
