The debt mountain

A new government report has revealed that Pakistan took out $15.32 billion in new foreign loans in the fiscal year 2020-21, shattering the previous record of $10.45 billion set a year earlier. The report also shows that the incumbent government has almost doubled Pakistan’s external debt in just three years, adding $35.1 billion to take the total figure to an astonishing $85….

Read the full story at the express tribune website.