- Jun 22, 2007
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Pakistan Debt surges by 40 percent.
- Thread starter wali87
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Pandora
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- Feb 15, 2013
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Devaluation of Rupee caused massive debt increase not massive borrowing. This is what happens when these good for nothing journos pretend to be economist/finance experts.
Ruppe was 123 when PTI govt took power now its 154.45 against usd. That is a percentage increase of 25.57 so in reality its an increase of 14.43 % in debt bcz of borrowing.
Ruppe was 123 when PTI govt took power now its 154.45 against usd. That is a percentage increase of 25.57 so in reality its an increase of 14.43 % in debt bcz of borrowing.
Protest_again
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This is including domestic debt. How does dollar devaluation affect the domestic debt?
Pandora
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Well foreign debt also increase debt in ruppee term but domestic debt inc. was 9% against target of 4% of GDP last year.
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