Pakistan's central government debt has soared to nearly PKR 80 trillion, reflecting a 9.37% year-on-year increase, primarily due to increased borrowing to cover the fiscal deficit. As the government considers raising the petroleum levy, analysts warn that this could exacerbate inflation, which is already under pressure from rising global oil prices and domestic economic challenges. The Federal Board of Revenue's revenue shortfall adds to the fiscal strain, complicating the government's ability to meet its financial obligations.
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Pakistan Government Debt Crisis Amid Rising Fuel Prices and Inflation
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Pakistan's government faces a significant revenue shortfall of PKR 610 billion while grappling with rising debt and inflation. Fuel prices have surged, complicating efforts to adjust petroleum levies amid a declining global image. The country must balance IMF conditions with economic realities.
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