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Pakistan’s debt servicing heads towards record PKR 8 trillion as interest
Updated : 2 years, 9 months ago IST
The fiscal year 2023–24 will mark the first time when practically every month of the current fiscal year, federal revenue receipts will be less than what is needed to pay for servicing domestic and international debt. Since the fiscal position will only become worse, there will be more serio
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After significant rate hike, Pak govt has to pay heavy price for borrowing
Updated : 3 years, 6 months ago IST
The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
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