KARACHI:
The burden of foreign debt repayment and interest payment is on the rise in Pakistan. The country has continued to pile up debt, mostly to pay off old dues and finance the current account deficit (CAD).
Pakistan is scheduled to repay foreign debt and bear debt servicing cost worth $26.3 billion over the 12-month period (November to October), Optimus Capital Management reported, citing data from the State Bank of Pakistan (SBP).