Pakistan, Oct. 20 -- The Ministry of Finance on Monday rejected a report appearing in a section of media, clarifying that Pakistan's debt-to-GDP has declined over the past few years, falling from 75% at the end of fiscal year 2023 to 68% by end of fiscal year 2026, reflecting prudent fiscal management and improving debt dynamics.

The ministry clarified that the news report titled "Rs20bn debt increase per day during Shehbaz govt," recently published in the media, presents an incomplete picture of Pakistan's public debt and may lead to misinterpretation, said a new release.

Outlining the facts, it said that Debt is a nominal variable and generally increases over time. "This is true for most countries, including Pakistan. Therefore, to un...