Searched Tag: pakistan bankruptcy
September 20, 2024, 07:25 PM - 3 min read
Pakistan faces a challenging task of repaying USD 100 billion in external debt over the next four years, nearly 10 times its current USD 9.4 billion foreign exchange reserves, with the government relying on debt rollovers from countries like Saudi Arabia and China to manage the payments.
Read moreApril 30, 2024, 10:03 AM - 2 min read
"Just compare India and ourselves... both countries got independence on the same day. But today, they (India) are dreaming of becoming a superpower, and we are begging to avoid bankruptcy," he said.
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