National

Excessive borrowing strains Pakistan’s economic growth: WealthPK

ISLAMABAD, July 06 (INP) — The government borrowed an unprecedented amount despite a high interest rate of 22% in the financial year 2023-24, which exceeded the budget estimates by a fair margin, and significantly increased the debt servicing costs. Talking to WealthPK, Dr Tahir Mehmood, the State Bank of Pakistan’s Memorial Chairperson, stressed a significant […]