The ratio of foreign debt of cash-strapped Pakistan has shot up from 36.9 per cent in FY22 to 38.3 per cent in FY23, according to a media report on Friday.
The Ministry of Finance’s Annual Debt Review and Public Debt Bulletin FY2023 comes amid unchecked domestic inflation as the cash-strapped Pakistan’s economy has been in a free-fall mode for the last several years.