KARACHI – Pakistan’s domestic debt hit the mark of Rs 5.50 trillion in December 2010 because of the government’s borrowing policy. In September 2010, the government’s domestic debt and liabilities amounted to Rs 5.191 trillion, which shot up to Rs 5.5 trillion in December 2010, showing an increase of Rs 306 billion in just three months.
On a year-on-year basis the domestic debt showed an alarming growth of Rs 1.05 trillion from December 2009 to December 2010. In December 2009, the domestic debt/liabilities stood at Rs 4.447 trillion rupees which increased to Rs 5.5 trillion by December 2010.
