The Ministry of Finance has released a concerning report revealing that Pakistan’s total national debt has surged to an unprecedented PKR 71.24 trillion. This staggering figure translates to a per capita debt of PKR 295,000 for every citizen in the country.
The report highlights the urgent need for fiscal reforms and sustainable economic policies to address the growing debt crisis. Economists warn that the increasing debt burden may hinder future economic growth and development, stressing the importance of effective governance and accountability in managing public finances.
As the government grapples with these challenges, the financial stability of the nation hangs in the balance, raising questions about the long-term implications for citizens and the economy.
