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Pakistan has secured over $9.81 billion in foreign loans over the last five years, as revealed by recent government data. These loans have been instrumental in funding various infrastructure and development projects, but they have also significantly increased the country’s debt burden.
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Economists warn that Pakistan’s increasing reliance on foreign loans could have long-term consequences for its economic stability. With the country already facing high inflation and fiscal deficits, the ability to repay these loans is becoming a major concern.
Government officials, however, argue that these loans are crucial for development projects such as road construction, energy production, and social welfare programs.
I fear, these loans must have been used for importing weapons with huge kick backs.