{"id":45300,"date":"2013-12-07T08:49:06","date_gmt":"2013-12-07T06:49:06","guid":{"rendered":"http:\/\/www.nationalturk.com\/en\/?p=45300"},"modified":"2013-12-07T08:49:06","modified_gmt":"2013-12-07T06:49:06","slug":"pakistans-economy-in-bad-shape-debt-liabilities-up-45300","status":"publish","type":"post","link":"https:\/\/www.nationalturk.com\/en\/pakistans-economy-in-bad-shape-debt-liabilities-up-45300\/","title":{"rendered":"Pakistan\u2019s economy in bad shape; debt, liabilities up"},"content":{"rendered":"
\"Pakistan
Pakistan currency value declined considerably this year.<\/figcaption><\/figure>\n

Pakistan\u2019s economy continues to be in bad shape and country\u2019s debt and liabilities have increased by Rs1,128 billion (Pakistan currency) during the first three months of Nawaz Sharif\u2019s rule.<\/h1>\n

Islamabad, Dec 7\/Nationalturk \u2013 Pakistan\u2019s economy continues to be in bad shape despite taking over of new elected government in the country in June this year. The country\u2019s debt and liabilities have increased by Rs1,128 billion (Pakistan currency) during the first three months of Nawaz Sharif\u2019s rule.<\/p>\n

\u201cThe total public debt and liabilities in country by June-end this year were Rs 16,228 billion. It has risen to Rs17,356 billion in September,\u201d revealed figures provided by State Bank of Pakistan (SBP).<\/p>\n

Pakistan\u2019s newly elected PML-N government led by Nawaz Sharif took over in June and since then the country\u2019s economy has not shown any signs of improvement.<\/p>\n

\u2018Every Pakistani burdened with debt of Rs 96422\u2019<\/h2>\n

\u201cIn view of September 2013 figures of debt and liabilities, every Pakistani was is burdened with debt and liabilities of \u00a0Rs96,422 as against Rs37,172 in early 2008. This burden on each Pakistani in 2012 was around Rs 80,000,\u201d reveals the data.<\/p>\n

The foreign exchange reserves of the State Bank of Pakistan, which were US$ 11.01 billion in June 2013, have depleted to US$3.04 billion.<\/p>\n

\u201cThere is a reduction of US$8 billion in the SBP\u2019s foreign exchange reserves, which definitely paints gloomy day for country\u2019s economy in coming days,\u201d said financial experts.<\/p>\n

\u2018Govt making new policy to woo investors\u2019<\/h3>\n

Concerned over the bad shape of country\u2019s economy, Pakistan\u2019s Finance Minister Ishaq Dar has said the government was mulling a new policy to provide incentives to investors.<\/p>\n

\u201cPakistan is following the benchmarks agreed with the IMF, which is in line with its plans to carry out reforms in the economy. The government would have carried out most of the reforms agreed with IMF irrespective of the programme as it was a part of its manifesto to revive the economy of Pakistan,\u201d he told German Ambassador to Pakistan Dr Cyrill Nunn during a meeting.<\/p>\n

Write your comments and thoughts below<\/em><\/p>\n

Faiz Ahmad \/ NationalTurk Pakistan News<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan\u2019s economy continues to be in bad shape and country\u2019s debt and liabilities have increased by Rs1,128 billion (Pakistan currency) during the first three months of Nawaz Sharif\u2019s rule.<\/p>\n","protected":false},"author":732,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,80,63,51,1,118,101,14],"tags":[62084,14065,62092,49379,62087,46837,62091,62090,45845,62089,62085,44685,53569,636,62086,46041,62088,61656],"class_list":["post-45300","post","type-post","status-publish","format-standard","hentry","category-asia","category-breaking-news","category-daily","category-economy","category-general","category-hot","category-politics","category-world","tag-bad-shape","tag-debt","tag-dr-cyrill-nunn","tag-elected-government","tag-financial-experts","tag-foreign-exchange-reserves","tag-german-ambassador-to-pakistan","tag-incentives","tag-investors","tag-ishaq-dar","tag-liabilities","tag-nawaz-sharif","tag-new-policy","tag-pakistan","tag-pakistan-currency","tag-pakistans-economy","tag-pakistans-finance-minister","tag-state-bank-of-pakistan"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/45300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/732"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=45300"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/45300\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=45300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=45300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=45300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}