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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
Feb 17, 2025
Feb 17, 2025
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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