EDLs up by $9.5bn to hit 1/3 of GDP

ISLAMABAD: Rising $9.512 billion in last one-and-a-half-year Pakistan’s outstanding external debts and liabilities have reached to almost one-third of the country’s GDP. At end of December 2009, country’s total EDLs stood at unprecedented $55.675 billion or 32 percent of GDP, while in June 2008 these stood at 46.16 billion dollars (27.6 percent of GDP), the [...]