Pakistan's total debt tops Rs58tr amid high interest rate, rupee depreciation
Domestic liabilities stand at Rs36.5tr or 62.3pc
Stay updated with breaking news from External Debt. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Domestic liabilities stand at Rs36.5tr or 62.3pc
Pakistan, currently in the throes of a major political as well as economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
In February last year, the government achieved the milestone of bringing power to all corners of Bangladesh, thanks to its hyperdrive to make it happen over the last one decade. But no sooner had the government celebrated the achievement, the Ukraine war broke out, casting a shadow over the success with power and energy disruptions. Today, the country is reeling
Pakistan's annual inflation reaches a record 37.97% in May amid a major economic crisis. High external debt, weak currency, and dwindling reserves add to the challenges.
New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs