Pakistan Needs to Pay USD 77.5 Billion in External Debt, Says US Think Tank
Pakistan needs to repay a whopping USD 77.5 billion in external debt from April 2023 to June 2026 and the cash-strapped country may face “disruptive effects” if it ultimately defaults, a prominent US think tank has warned. Pakistan is facing the risk of a default due to its massive external debt obligations. Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.