Pakistan headed towards an inevitable debt default, warns think tank ...Middle East

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New Delhi: The quantum of debt Pakistan requires is growing faster than the net output of the economy (GDP). This means that the economy’s ability to grow or increase output is constrained. This is unsustainable, Tabadlab, an Islamabad think tank said in a report. “It demands transformational change. Unless there are sweeping reforms and dramatic changes to the status quo, Pakistan will continue to sink deeper, headed towards an inevitable default, which would be the start of the spiral,” the report said. “Pakistan’s debt is a formidable, existential, and pertinent challenge, that requires immediate and strategic interventions. Debt repayments are at a historic high, deprioritising the need

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Last updated : 18 February 2024 clock 12:12 PM

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Pakistan headed towards an inevitable debt default, warns think tank ...Middle East

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