Domestic debt servicing reaches 60 percent of tax revenue
Domestic debt servicing has reached some 60 percent of total tax revenue in the first quarter of current fiscal year 2012-13 is mainly due to rising and costly government borrowings.
The domestic debt rose by 8.70 percent to Rs 2.822 trillion from Rs 2.596 trillion at the end of the last fiscal, according to data released by the State Bank of Pakistan.