Pakistan headed towards inevitable default, report warns ...Middle East

The Times of India - News
Pakistan headed towards inevitable default, report warns
As per a new report, Pakistan's per capita debt increased by 36% from $823 in 2011 to $1,122 in 2023. Pakistan's debt situation is dire, worse than the IMF's assessment. Stock market impact and economic pessimism highlight the urgency for a new IMF bailout. Debt levels, unsustainable borrowing, and climate vulnerability call for innovative solutions like debt-for-nature swaps. Transformative change and comprehensive reforms are needed to avert an economic disaster.

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