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External debt servicing crosses $10 billion mark.
Byline: RIZWAN BHATTI
The country''s totalled external debt servicing has crossed $ 10 billion mark during the first half of current fiscal year 2011-2012 (FY12) mainly due to rising burden of foreign debt and massive repayments of scheduled banks'' borrowing.
Sources in banking sector told Business Recorder on Saturday that payments under external debt and liabilities servicing is continue to surge and the country has spent over $ 10 billion on external debt and liabilities servicing of principal and interest payments.
Economists have expressed their serious concern over the massive and rising spending on debt servicing and termed it an alarming situation for policy-markers. "IMF had already stopped Stand-By …
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