NEW DELHI: A report from Islamabad-based think tank Tabadlab paints a dire picture of Pakistan's financial health, describing the country's debt situation as a "raging fire" and far more critical than the International Monetary Fund's (IMF) assessment of being "borderline" manageable. With debt levels reaching alarming highs, Pakistan faces the grim prospect of an "inevitable default," which could trigger a devastating economic spiral.
Driving the news
The concern over Pakistan's debt sustainability comes amidst a backdrop of economic pessimism among voters, highlighted by a recent Gallup poll and a contentious election.
