▶youtube BusinessBanking first seen 13 h ago, last 55 min ago, peak #6
Pakistan hits record foreign reserves, mostly borrowed money
Original: Pakistan just set a foreign reserves record. Much of it is borrowed money
Pakistan has reached a record level of foreign exchange reserves, but the milestone comes with a catch: a large share of the funds is borrowed rather than earned through exports or remittances. Commentators are questioning how sustainable the achievement is, given the country's reliance on external loans and its history of balance-of-payments crises.
Why now: A record reserves milestone is being debated because it may mask deep dependence on borrowing rather than genuine economic strength.
PakistanState Bank of Pakistan
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- Pakistan just set a foreign reserves record. Much of it is borrowed money · ThePrint · 357.8K
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