pakistan economic crisis

Pakistan’s Internal Borrowings Lead To Double Debt Crisis

The internal debt of Pakistan's central government surged by PKR 537 billion in July this year. According to experts, this increase reflects the steep rise in state expenditure, as reported by Dawn on Friday. A Double-Edged Debt Trap Pakistan currently faces a double-edged debt crisis. The entire national budget is...

Pakistan’s economy now depends on Gulf states to bail out crisis

The International Monetary Fund's (IMF) need that Pakistan obtain confirmation from bilateral Gulf region partners to bridge the USD 6 billion shortfalls is simply an attempt to ensure its credibility. According to The News International, non-materialization could lead to Islamabad into default.According to a top official, all eyes are now...