April 22, 2024

Think Tank Says Pakistan Debt Unsustainable, Urges Climate Swaps

Pakistan’s debt is a “raging fire” that has become unsustainable, a local think tank warned, in a graver assessment than the International Monetary Fund which had found the country’s dues to be “borderline” manageable.

The debt profile is “alarming,” Islamabad-based think tank and advisory firm Tabadlab said in a 68-page report on the nation’s borrowings and liabilities. Pakistan is headed for an “inevitable default,” which will start a “spiral,” it said.

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