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Industry

Pak debt will fall to about 80 percent by end of next fiscal year

Fitch rating agency has forecast that Pakistan's debt including guarantees and International Monetary Fund borrowing will fall to about eighty percent by end of next fiscal year due to faster nominal GDP growth and fiscal consolidation.

The New York based rating agency said the government has taken effective steps to manage domestic debt following the cessation of borrowing from the State Bank of Pakistan.

Source: Radio Pakistan

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