Pakistan’s FY27 budget, presented on June 12, allocated Rs8.054 trillion to interest payments. That is about 43% of the total outlay of Rs18.77 trillion, and the single largest head of expenditure in the budget. Of this, Rs6.983 trillion is owed on domestic debt and Rs1.071 trillion on foreign...
The problem is not that Pakistan borrows. The problem is that Pakistan’s fiscal model has become increasingly dependent upon borrowing because the country taxes production more heavily than promoting it, measures success by annual revenue targets rather than sustainable wealth creation, and...
*PAKISTAN NAVY SUCCESSFULLY RESCUES 20 CREW MEMBERS FROM SINKING CARGO DHOW EAST OF ORMARA*
In a swift and coordinated emergency response, Pakistan Navy, in coordination with Pakistan Maritime Security Agency (PMSA), has successfully rescued all 20 crew members from a sinking cargo dhow...