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Dr Ashfaque Hasan Khan

Pakistan external debt likely to reach US$ 110 bn within four years

ISLAMABAD: The external debt of Pakistan is projected to grow to $110 billion within four years and it will need over $22 billion a year just to meet external payment requirements, economists said. It will pose a serious threat to the country’s solvency forcing Pakistan to go back to the International Monetary Fund (IMF) to avoid default on international payments as it did in 2013, independent projections by two renowned economists revealed at the recently held National Debt Conference. Former director general debt Dr…