News > Pakistan's interest expenses shoot up significantly to Rs 2.57 trillion

Pakistan's interest expenses shoot up significantly to Rs 2.57 trillion

Amid reluctance to opt for debt restructuring, Pakistan’s interest expenses have shot up significantly to Rs 2.57 trillion during the first half of this fiscal year, which is equal to 65 per cent of the annual debt servicing budget and is forcing the government to cut out its other expenses except those on defence. The finance ministry paid about Rs 2.57 trillion in interest costs, up by Rs 1 trillion or 77 per cent. For the current fiscal year, the government had budgeted Rs 3.95 trillion for interest expenses.