By Web Desk 
Pakistan’s debt situation has reached alarming levels, with each citizen now carrying a debt burden of Rs 295,000. This staggering figure highlights the severity of the financial challenges facing the country. The national debt has surged due to multiple factors, including continuous borrowing, a high fiscal deficit, and mounting interest payments on existing loans.
The government has been increasingly dependent on both domestic and foreign loans to manage its expenditures. Rising import bills, reduced exports, and economic disruptions caused by the COVID-19 pandemic have further aggravated the situation. As a result, the overall debt-to-GDP ratio has soared, signaling potential long-term economic instability.
Experts argue that without substantial fiscal reforms, including enhancing tax collection, reducing unnecessary expenditures, and stimulating economic growth, the debt burden will continue to climb. If these measures aren’t implemented, future generations might face even greater financial challenges. Addressing this debt crisis is crucial for Pakistan’s sustainable development and economic sovereignty.