Debt and liabilities owed by state run organizations have soared sharply as these organization owe about a quarter more now then they did in the last fiscal year.

The figure owed in this respect now stands at Rs 1300 billion for the fiscal year 2018, an increase of about 23.5% over the Rs 1052 billion owed during the fiscal year 2017.

During the last five years, debt and liabilities owed by state run organizations have jumped to 3.8% of the GDP in FY18, from 2.4% of the GDP during the fiscal year 2012-13 when the amount owed by these firms stood at Rs 538 billion. This represents a nearly 141% increase in their owing over this time frame.

Debt and Liabilities of two prominent state run organizations, namely Pakistan International Airlines, and Pak Steel, now stand at Rs 146 billion and Rs 131 billion, respectively.

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