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Fact-checking the deputy PM on Pakistan's debt problem

Pakistan's debt servicing costs are consuming an ever-larger share of the national budget

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Business Desk

The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.

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If you listened to Deputy Prime (and former Finance) Minister Ishaq Dar, you might be inclined to believe that all is rosy with Pakistan's economy, particularly the debt-related part.

That is not true.

Dar has often downplayed concerns about Pakistan's rising debt, suggesting that it is not in the country's best interest to "raise a hue and cry" over the issue.

However, Pakistan's debt servicing costs are consuming an ever-larger share of the national budget, leaving less room for crucial development expenditures.

Watch the full video to know more.

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