KARACHI: The country’s debt-to-GDP ratio dropped to 65.7 per cent in September, reversing last fiscal year’s upward trend, according to the latest data released by the State Bank of Pakistan (SBP) on Monday.

The data shows a substantial increase in central government domestic debt, which rose by Rs7.838 trillion over the past year to reach Rs47.536tr in September 2024, up from Rs39.698tr in September 2023. However, between June and September 2024, domestic debt increased by only Rs376 billion.

During the first quarter, the government’s borrowing needs were reduced due to surplus liquidity,........

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