Wednesday, May 22, 2024
    HomeWorldReport: Imran Khan Acknowledges Pakistan's Challenges in Breaking Free from Debt Repayments...

    Report: Imran Khan Acknowledges Pakistan’s Challenges in Breaking Free from Debt Repayments Cycle

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    Former Pakistani Prime Minister Imran Khan has called for reform to help Pakistan break out of a cycle of debt repayments. In an interview with the Financial Times, Khan stated that the government needs to break out of borrowing cycles that have held back developing economies. He also ruled out a default if his party returned to power, saying it would prioritize domestic reforms over seeking debt relief. However, he acknowledged that the debt is growing, and the economy is slowly shrinking.

    Khan believes that Pakistan will struggle to break out of ongoing debt repayment cycles without reform. He told the publication that his party has started thinking that they are stuck. The report was not edited by News18 staff and is published from a syndicated news agency feed.

    Also read:  BJP takes credit for development in Warangal
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    Rajesh M
    Rajesh M
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