The unelected ex-finance minister, Miftah Ismail, on May 14, 2018 told the National Assembly that borrowing of Rs 22 trillion would be necessary for 2018-19 for payment of domestic/foreign debts/debt servicing. Thus for the newly elected government, the deadly debt trap was already laid by PML-N. Due to thoughtless policies of the economic wizard of PML-N, Ishaq Dar, presently suspended senator and proclaimed offender, the country's external debt and liabilities reached US$ 98.16 billion by the end of February 28, 2018. The position of internal debts is equally alarming. According to SBP, it stood at Rs 26.8 trillion as on May 1, 2018-it was Rs 22.5 trillion as on June 30, 2017. The consequences of present economic mess are obvious: more borrowing and taxes by the new government after elections on July 25, 2018 which will retard growth, affect fixed income earners and the poor. Further debts mean more squeezing of fiscal space-enormous debt-servicing leading to deadly debt trap that is, to borrow just to pay interest of old debts.