Redirecting borrowing toward productive investment, private sector credit continues to be displaced by public borrowing. Pakistan's debt portfolio remains sizable and poses significant liquidity risks, with a substantial portion of…
‘Today, 3.3 billion people live in countries that spend more on interest payments than on health, and 2.1 billion live in countries that spend more on interest payments than on…
Sadly, unlike the lack of media coverage, and very little discussion of policy circles on this – both on the government, and opposition sides, and in the academic arena –…
One of the key indicators in the federal budget is the projected level of external financing to partly finance the budget deficit. The expectation in 2024-25 was that there would…
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…
Monetary policy decision is due today. Three macro variables are making a compelling argument for a big rate cut. These include sharply falling headline inflation, consistently running primary fiscal surplus,…
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…
Our gross external debt and liabilities have soared from $44 billion in 2008 to a staggering $132 billion. Every year, a back-breaking Rs10 trillion is consumed by debt servicing alone.…
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…
The release of information recently by multiple sources has highlighted some worrying trends in external financing inflows into Pakistan. The SBP (State Bank of Pakistan) has put on its website…
