Pak Listed In 15 Worst Countries Under Enormous Debt Stress: Report

Economic and financial analyst Ateeq ur Rahman said Pakistan needs to get rid of such circumstances as soon as possible.

Amid its mounting external debt, Pakistan is listed among the 15 countries globally which are under enormous debt stress, Business Recorder reported.

Economic and financial analyst Ateeq ur Rahman said Pakistan needs to get rid of such circumstances as soon as possible.

Apart from the external debt, the government is facing soaring domestic borrowing costs due to ballooning high policy rates, which remain in the negative territory at 21 per cent, the report noted.

The analyst feared that borrowing costs would rise even further.