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Borrowing us blind

August 11, 2008

Pakistan’s internal and external debts have gone up to $90 billion. The external debt has increased by 15 percent to $47 billion while the internal debt stands at $43 billion, showing a 17percent increase during the tenure of last government.

The government also borrowed a record Rs 661 billion from the SBP in the last financial year, effectively printing more paper money.

As our debts are piling and no investment taking place from abroad owing to the law and order situation, the matters are becoming very difficult for us.

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