FinancialStability

World News

Tabadlab Report: Pakistan’s Debt Spiral and Urgent Need for Transformational Change

Pakistan is facing an unsustainable debt crisis, according to a report by Islamabad think tank Tabadlab. The quantum of debt is outpacing the country’s economic output growth, constraining its ability to expand. The report warns of an impending default unless sweeping reforms are implemented, characterizing the debt challenge as formidable and existential. Debt repayments are at a historic high, diverting…