Articles for tag: debt repayment Pakistan, Economic Crisis Pakistan, economic reforms, External Borrowing Crisis, financial instability, fiscal gap Pakistan, foreign loans Pakistan, Pakistan external debt, rising debt concerns

External Borrowing Crisis

Pakistan’s External Borrowing Crisis Raises Economic Concerns

By Qudsia Bano ISLAMABAD– Pakistan has borrowed approximately $6 billion from multiple financing sources during the first eight months (July-February) of the fiscal year 2024-25, raising concerns about the country’s economic stability amid widening funding gaps.  Despite budgeting $19.393 billion for external financing in the ongoing fiscal year, Pakistan has secured only 30% of the ...

Pakistan SOE Losses of Rs851 billion in FY24

Pakistan SOE Losses: Rs 851 Billion Drain on Economy in FY24

By Qudsia Bano ISLAMABAD — Pakistan’s state-owned enterprises (SOEs) reported staggering losses of Rs 851 billion in the fiscal year 2023-24 (FY24), raising alarms over their financial sustainability and impact on the national economy.  The power sector emerged as the biggest drain on public funds, despite repeated government interventions through subsidies and grants. Staggering Losses ...