Pakistan’s economic survey shows why it’s crumbling: Public debt doubles in 4 yrs to PKR 76 tn

Pakistan’s economic survey shows why it’s crumbling: Public debt doubles in 4 yrs to PKR 76 tn

Pakistan’s Economic Survey reveals a record-high public debt of PKR 76 trillion, double the amount from four years ago, highlighting a worsening fiscal crisis. With debt surging to five times its 2014 level and heavy IMF dependence, the country faces rising interest burdens, dwindling economic credibility and urgent pressure for sweeping reforms.

Representational Image- FP