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

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. https://ift.tt/QYt8O07