Pakistan's economic woes have deepened, with 74% of urban dwellers unable to meet monthly expenses, up from 60% in May 2023. A Pulse Consultant study noted many cut back on essentials or resorted to borrowing. The national debt is expected to grow significantly, reaching $446.61 billion by 2029. High fiscal deficits have led to increased debt payments, stalling development initiatives. Pakistani ministers recently sought debt relief from China and secured a preliminary IMF agreement for a USD 7 billion bailout to stabilize the economy and reduce energy costs. Read The Rest at :
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