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ISLAMABAD:The Islamabad Chamber of Commerce and Industry (ICCI) has expressed concern over Pakistan s rising external debt and liabilities that have soared 50% to a record high of $91.8 billion by the end of March 2018, as per SBP s latest report. They urged the government to take measures to reduce the country s dependence on rising foreign debt as it would create problems for the economy.ICCI President Sheikh Amir Waheed said the previous go
jordane one vernment had resorted to heavy borrowing to meet current expenditures. It was expected that the current government would curb this unhealthy trend by devising a new strategy. However, starting from July 2013, with every passing year, the quantum of external debt kept growing due to the government s in
af1 ability to implement policies that could have ensured sufficient non-debt creating in
af1 flows like FDI and exports promotion. He cautioned that if this trend was not curbed immediately, the external debt would soon touch $100 billion that would create gr Szff Woman commits suicide
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