Pakistan has achieved a rare financial milestone as the Ministry of Finance confirmed early repayment of Rs2,600 billion in Pakistan debt. This is the first time in the country’s history that such a massive repayment has been made ahead of schedule.
Officials highlighted that the nation’s debt position has become more sustainable than in earlier years. They credited effective debt management strategies and falling interest rates for reducing the overall borrowing burden. Because of these measures, the country saved Rs850 billion in interest payments during the current year.
The government had earmarked Rs8.2 trillion for interest servicing in the ongoing fiscal year. Last year, the allocation stood at Rs9.8 trillion….