ISLAMABAD (Eshfak Mughal):-  The new coalition government led by Prime Minister Shehbaz Sharif has added Rs709 billion in total central government debt stock during the first month (April) of its tenure due to reliance of heavy borrowing to run the country’s affairs.

According to a document of the State Bank of Pakistan, the debt stock of federal government was mounted by Rs709 billion to Rs43.705 trillion in April from Rs42.995 trillion in March 2022.

The figures show that the Shehbaz Sharif Government has added in debt stock by Rs 23.63 billion per day during the month of April.

It is pertinent to mention here that previous government led by Imran Khan had added in debt stock by Rs15.88 billion per day as it had mounted the debt stock by Rs4290 billion during the first nine months (July-March) of the current fiscal year.

The document shows that new coalition government has taken Rs 836.6 billion in April 2022 from domestic sources. However, it has decreased Rs127.3 billion external debt due to repayment of some foreign loans during the same period.

The average value of US$ was calculated in April Rs185.69 against Rs183.51 during March 2022.

Out of total domestic debt resources, the long term domestic debt was increased by Rs203.5 billion while short term loan was increased by Rs335.6 billion during April. However, the debt stock of Naya Pakistan’s Certificates was decreased by Rs2.4 billion during the month.

 Out of total long term domestic debt, the government raised Rs137 billion through GOP Ijara Sukuk and Rs517 billion through Pakistan Investment Bonds, while it has paid back Rs150 billion of Saving Schemes during the period.

Out of total short term domestic debt, the government obtained Rs 335.6 billion through Market Treasury Bills during April 2022.

By adminmy

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