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Financial Emergency Knocks


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External debt of Pakistan has reached over $90 billion thus debt serving cost is increasing. President of Pakistan can impose financial emergency. (Sajid Imtiaz)

Published in: Economy & Finance
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Financial Emergency Knocks

  1. 1. Financial Emergency Knocks Starting from July 2013, with every passing year, quantum of external debt kept growing due to the government’s inability to implement policies that could have ensured sufficient non-debt creating inflows like Foreign Direct Investment and exports promotion. Due to imprudent policies, the external debt has gone up from $60.9 billion in 2013 to $91.8 billion showing an increase of over 50 percent. External debt is taking its tool toll on the national exchequer due to the mounting debt servicing cost. $100 Billion Sajid Imtiaz: No.1 Pakistani Content Contributor at SlideShare