A Nation Runs on Borrowing
Srinagar, Oct. 3 -- Pakistan's economic story today is one of striking contradictions. On one side is a government struggling under the weight of public debt, interest payments, taxation pressures and limited fiscal space. On the other is a powerful overseas Pakistani community, particularly from Mirpur division of Pak-occupied Jammu and Kashmir(PoJK), sending money home, building businesses and homes, financing weddings and family functions, and keeping thousands of local economic transactions alive.Pakistan borrows to keep the government running, while millions of Pakistanis abroad earn the foreign currency that keeps the wider economy moving.According to reports on the country's FY2025-26 finances, the government recorded a primary sur...
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