Transforming maturity profile of domestic debt
Inflation is falling rapidly, nearing a four-year low, with FY25 (July 2024–June 2025) average inflation expected to fall within the SBP’s medium-term target of 5-7 percent. The tight monetary and…
The quagmire of local-law domestic debt restructuring
With collaboration from an investment professional. As is widely understood, Pakistan is facing the dual dilemma of foreign debt servicing that has placed her foreign exchange reserves under significant pressure,…
Does Pakistan need domestic debt restructuring?
There is growing consensus over the need for debt restructuring within the policymaking community. However, many analysts are casually selling the idea of domestic debt restructuring without fully recognizing the…
Domestic debt trap: an accountant’s perspective
I’m no economist per se. As an accountant, however, I’m deeply concerned at the steep hike of 150 basis points (1.5 percent) in the discount rate. This will further intensify…
The burden of govt debt
The government debt outstanding is the debt that is to be serviced out of the Federal Consolidated Fund plus the debt with the IMF. It stands at Rs 75,042 billion…
Evolution of public debt
Pakistan today is one of the Asian countries with a relatively high level of public debt in relation to the GDP. As of the end of 2023-24, public debt was…
Till debt do us part
In Hamlet, Shakespeare’s character Polonius offers timeless advice to his son, Laertes, "Neither a borrower nor a lender be”, warning of the perils of debt and dependency. For Pakistan, this…
Budget, debt: Trump’s Treasury chief faces urgent challenges
President-elect Donald Trump’s new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss’s economic vision and grappling with the country’s debt…
Pakistan’s economic outlook 2025: inflation, growth, & debt
Among macroeconomic indicators, primarily inflation has come down drastically over recent months, whereby consumer price index (CPI) has fallen from a high of 28.8 percent in January to 4.9 percent…
Rising public debt
The SBP (State Bank of Pakistan) has released figures of total debt and public debt of Pakistan as of end-June 2024. The total public debt of the federal government consists…
