Law on anvil to arrest mounting debt burden

ISLAMABAD: Amid an increase of around 70 per cent in the country’s total public debt and liabilities over the past three years, a government bill to amend the Fiscal Responsibility and Debt Limitation Act of 2005 seeks to limit the stock of government guarantees at 10pc of GDP and strengthen the public debt office to plan acquiring debt and liabilities but with a reporting downgrade. … Continue reading Law on anvil to arrest mounting debt burden