Pakistan’s newly-elected government is already dealing with a balance of payments crisis, which has been a consistent theme for the nation’s newly elected officials. All through his campaigning, Imran khan had trained his guns on Nawaz Sharif and the PML (N) for getting Pakistan into the debt trap. He lashed out at the previous PML-N government for the current debt crisis which has risen to Rs 28 trillion, saying the country had not been as indebted in its entire history as it has been in the last ten years. In order to reduce the balance of payments issue, the Pakistan government must broaden its export base, which is currently very narrow, and devalue the Pakistani Rupee against the Dollar due to exchange rate volatility. Pakistan originally became highly indebted in the 1970s, when the government borrowed to cope with the impact of high oil prices. Every Pakistani now owes over Rs101,338 in debt Since September 2013, the government is continuously tapping the international commercial debt market to bolster the foreign exchange reserves and to meet one of the conditionality criteria of the Extended Fund Facility (EFF) under the auspices of … Our debt burden is Rs 28 trillion.
Pakistan is the largest Belt and Road (BRI) partner adding another creditor to its already complicated economic situation. This has been the rhetoric of the Pakistan … Pakistan is facing an economic crisis and the previous governments’ disastrous policies have indebted the country for generations to come. Debt crisis in Pakistan Huge debts have been passed down over generations in Pakistan. Ever since, the people have suffered from a large external debt.

"Never in Pakistan's history have we faced such difficult economic circumstances.
Pakistan’s external debt jumped to 105841 USD Million in the first quarter of 2019 from 99086 USD Million in the fourth quarter of 2018.The country’s external debt … Pakistan has been facing a balance of payments crisis for the three decades, which is among one of the reasons for ballooning external debt. Pakistan’s structural problems are homegrown, but what is different this time around is an added component of Chinese debt. Due to the China–Pakistan Economic Corridor (CPEC) project, and increasing investments by china, Pakistan has been in the grip of a debt crisis for almost over a decade. Pakistan’s balance of payment crisis stems from a rising trade deficit, which in turn results from rising imports, which touched a record $60.898 billion at the end of the previous fiscal year.