Rs31 Trillion Debt Jeopardizes Pakistan’s Public Services: UNCTAD Report

According to a UNCTAD report, Pakistan’s mounting domestic debt of Rs31 trillion is severely impacting its ability to fund essential public services. The country spends over 40% of its revenue on domestic debt repayments, leaving little for development sectors like health and education. UNCTAD warns that rising borrowing costs and inflation are worsening the crisis. It recommends debt restructuring, improved fiscal management, and global reforms to ease pressure on struggling economies like Pakistan.