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Karachi: Pakistan’s debt is a “raging fire” that has become unsustainable, a local think tank has warned, in a graver assessment than the International Monetary Fund (IMF) which had found the country’s dues to be “borderline” manageable. ....
Pakistan s debt crisis is more severe than anticipated, with the possibility of an inevitable default and a devastating economic spiral. The stock market is already affected, and an immediate IMF bailout is urged. Innovative solutions like debt-for-nature swaps are proposed to address the debt crisis and environmental needs. ....
(Bloomberg) Pakistan’s debt is a “raging fire” that has become unsustainable, a local think tank warned, in a graver assessment than the International Monetary Fund which had found the country’s dues to be “borderline” manageable.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Lessons They Had to LearnUK, Allies Look to Arm Ukraine With AI-E ....
Pakistan has a talented workforce that can help the country stay on the path to progress. But policymakers keep holding on to hopium, ignoring the stark realities of the country.In an article. ....