Sharpshooter12
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Fair enough, let me be more specific, the actual figure for percentage of external borrowing for servicing debt is 73%. So my figure wasn't off by much. With 73% of your new external loans going to the payment of interest for the loans you already have, you are in no position to ask meAgain, you are conflating external debt with total debt. We do as we please with our internal debt, like every other country. And we don't borrow externally to pay our internal debt. The figure of 77% is for total public debt, and not external debt. So we raise money domestically to repay what is owed domestically. We can raise internal debt because our domestic economy produces enough income and people have enough faith in the government to buy its instruments.
how does Pakistan pay its external debt?
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