‘Unsustainable levels…’: Pakistan economy...

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‘Unsustainable levels…’: Pakistan economy drowning in debt with record $26.7 billion in loans last year; dependency on creditors deepens

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Pakistan's reliance on foreign loans surged to $26.7 billion in the last fiscal year, with a significant portion used for debt rollovers rather than project financing. The nation heavily depends on borrowing from multilateral institutions and countries like Saudi Arabia and China to maintain reserves.

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