Pakistan’s External Debt: Over $100 Billion and Rising
Pakistan's external debt has been a significant concern for its economy over the past few decades. External debt refers to the money borrowed by the country from foreign lenders, including governments, international financial institutions (IFIs), and private creditors. Pakistan's external debt burden has continued to rise over the years, affecting its fiscal stability, exchange rates, and the overall economic health of the nation. This article delves into the historical context, causes, implications, and current state of Pakistan's external debt.