Pakistan is not the only country that suffers high levels of debt that has become a bane for its economy.
As many countries had to struggle with the COVID-19 pandemic and the Ukrainian war with Russia, therefore, they also had no choice but to take drastic measures to support their economies.
According to the IMF global public debt has reached 100% of global gross domestic product (GDP), up from 83.3% in 2019 and 96.4% in 2020. This situation is quite worrying but it was inevitable keeping…