The current debt crisis in Pakistan has reached a staggering PKR 76 trillion, highlighting the precarious state of the nation’s economy. Each citizen is now burdened with a significant debt load, raising concerns about financial stability.
Despite claims from the Finance Minister regarding potential economic improvements, the reality remains grim. Pakistan continues to rely on loans from international financial institutions such as the International Monetary Fund (IMF), World Bank, and Asian Development Bank (ADB), as well as from China, yet the economic conditions show little sign of recovery.
The recent findings from the Pakistani Economic Review for the fiscal year 2024-25 reveal a troubling trend, with the national debt escalating to PKR 76 trillion within the first nine months of the current financial year. Furthermore, the projected economic growth rate stands at a mere 2.7%, underscoring the adverse impact of this overwhelming debt burden on the country’s economic prospects.
This situation necessitates urgent attention and strategic intervention to stabilize Pakistan’s economy and alleviate the financial strain on its citizens.
