Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
NDTV
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
Pakistan needs to repay a whopping USD 77.5 billion in external debt from April 2023 to June 2026 and the cash-strapped country may face "disruptive effects" if it ultimately defaults, a prominent US think tank has warned.
The analysis published on Thursday by the United States Institute of Peace (USIP) warned that amid skyrocketing inflation, political conflicts, and rising terrorism, Pakistan is facing the risk of a default due to its massive external debt obligations, the Geo News reported on Friday.
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
The USIP report called the USD 77.5 billion that Pakistan needs to repay in external debt from April 2023 to June 2026 a "hefty amount" for a USD 350 billion economy.
