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

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
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