The Headlines – ‘Unsustainable levels…’: Pakistan economy drowning in debt with record $26.7 billion in loans last year; dependency on creditors deepens

  • By
  • Posted in News
  • Updated
  • 1 min read
The Headlines – ‘Unsustainable levels…’: Pakistan economy drowning in debt with record .7 billion in loans last year; dependency on creditors deepens

Pakistan’s reliance on foreign loans surged to $26.7 billion in the last fiscal year, with a significant portion used for debt rollovers rather than project financing. The nation heavily depends on borrowing from multilateral institutions and countries like Saudi Arabia and China to maintain reserves.

The Headlines – Latest Business News Today: Stock Markets, Financial News, India Business & World Business News – Read More