"Then you will have parted with the half of your heart and the joy of your life to no purpose, since so mighty of
burden of debt will remain behind."
ISLAMABAD -- The Islamabad Chamber of Commerce and Industry (ICCI) has expressed grave concerns over the 35 percent increase in Pakistan's total debt and liabilities in one year period and called upon the government to formulate a comprehensive strategy to rid the country of this serious issue as the mounting
burden of debt and liabilities would plunge the country into severe debt trap and jeopardize the future of our posterity.
The Islamabad Chamber of Commerce and Industry (ICCI) has shown great concerns over the 35 percent increase in Pakistan's total debt and liabilities in one year period and called upon the government to formulate a comprehensive strategy to rid the country of this serious issue as the mounting
burden of debt and liabilities would plunge the country into severe debt trap and jeopardize the future of our posterity.
Senator Rand Paul said the deal "deepens Washington's addiction to runaway spending" and shows that neither party cares about the
burden of debt left on the next generation.
Qureshi in his tweet said, 'No nation can prosper under the
burden of debt. The only way out is by increasing our tax base and documenting the economy.'
Both the leaders of PPP and PML-N had created a huge fiscal deficit, revenue shortfall, circular debt, and
burden of debt amount of Rs 26000 billion, for the new government of Pakistan Tehreek e Insaf (PTI), he said.
She said the present government has increased the
burden of debt on the country.
Speaking at the Lahore Chamber of Commerce and Industry (LCCI), Suri said the
burden of debt had reached Rs30 trillion while a huge amount was required for debt servicing.
The combined
burden of debt and unfunded pension liabilities is low in relation to personal income and should remain relatively stable over time based on modest future capital and debt issuance plans, rapid amortization and minimal pension liabilities.
There must be a consensus driven formula for dealing with the huge
burden of debt as and setting the economy on the path of sustainable growth.
Our proactive liability management agenda has decreased the
burden of debt on our budget, creating more fiscal space to fund social commitments,' Dominguez said.