Observer Report
Islamabad
Pakistan’s total debt and liabilities to GDP (Gross Domestic Product) ratio has declined to 98.3 percent in September 2020 from 99.5 percent in same month of last year, State Bank of Pakistan (SBP) reported.
According to latest data released by the central bank, the debt to GDP ratio in June 2020 was 106.8 percent while in June 2019 it was 105.9 percent.
The data showed that in September 2020, total GDP of the country at current market price, had increased to Rs 45.567 trillion compared to Rs 41.726 trillion in same month of last year.
The data showed that the country’s total debt and liabilities by end of September 2020 stood at Rs 44.8 trillion compared to Rs 41.51 trillion in same month of last year and Rs 44.55 trillion in June 2020.
Meanwhile the gross public debt to GDP ratio also down from 82.1 percent last year to 81.1 percent in the corresponding month of current year.
