Pak: Fiscal challenges mount as interest payments surge, development sector suffers

Islamabad [Pakistan], May 2 (ANI): Pakistan's Ministry of Finance (MoF) issued a warning regarding the escalating fiscal pressures driven by a substantial 54 per cent increase in interest payments, leading to the country's fiscal deficit widening to 3.7 per cent of GDP in the first nine months of FY24, Dawn reported.

Describing the situation, the ministry stated, "A significant challenge arises from the growing pressure o