Pakistan’s Interest Payments to Hit Rs. 8 Trillion as Debt Costs Squeeze Budget
Pakistan’s interest payments on domestic and external debt are expected to remain elevated over the medium term, continuing to consume … Read More The post Pakistan’s Interest Payments to Hit Rs. 8 Trillion as Debt Costs Squeeze Budget appeared first on ProPakistani .
Pakistan is projected to spend an estimated Rs. 8.054 trillion on interest payments for domestic and external debt during the current fiscal year, with the figure potentially increasing slightly following a recent decision by the State Bank of Pakistan. This marks a significant strain on the country's fiscal framework as debt servicing continues to consume a large share of government resources.
The rising cost of servicing debt is creating concerns despite claims from the government that their debt-to-GDP ratio is declining.
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