Knowpkistan

  The burden of external debt on Pakistan has increased by around Rs. 6 trillion due to the depreciation of the Pakistani Rupee (PKR) against the US Dollar (USD) during the last three-and-a-half months. Sources in the Ministry of Finance told the scribe that the dollar has appreciated by almost Rs. 45.44 against the rupee during the tenure of the new coalition government. This is called the loss in calculations though additional counterpart rupee has to be generated more in the due payments after the depreciation. The opposition parties had submitted a No-Confidence Motion in National Assembly against the then-Prime Minister, Imran Khan, on 8 March and on 10 April, after which he was removed from office. This free fall of the local currency against the dollar has unprecedentedly increased the external debt burden on the country during the tenure of the new coalition government. Delay in IMF deal, political situation, global oil prices and higher external fuel payments led to fall in ru