Pakistan, Jan. 19 -- Minister for Finance and Revenue Abdul Hafeez Shaikh has said the government is focusing on reducing foreign debt as it is a big burden on country's economy saying that the volume of debt increased due to devolution of Pak rupee and not the government taking extra loan.

Winding up the debate in Senate, the finance minister said blaming the government for current debt spike is unfair because it is also paying the loans obtained by the previous governments. The Minister said during initial days of PTI government our first priority was to save the country from the impending default and resultantly the government took result-oriented decisions and had landmark agreement with International Monetary Fund.

He said the curr...