Morning News: Hike in interest rate: Debt servicing doubles in last two years – By Darson Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As the government has established a high-powered inquiry commission to ascertain reasons behind surge in public debt, debt servicing has gone doubled in last two years mainly because of hike in interest rates. Debt servicing increased in the range of 70 percent mainly because of hike in interest rate by the State Bank of Pakistan (SBP) in the name of tightening of monetary policy. (The News)</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The International Monetary Fund (IMF) has projected that the revenues of the Federal Board of Revenue (FBR) would increase to Rs10.5 trillion by the year 2023-24. (PT).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The ...