▶youtube BusinessBanking first seen 4 h ago, last 19 min ago, peak #7
Pakistan hits foreign reserves record, but much of it is borrowed
Original: Pakistan just set a foreign reserves record. Much of it is borrowed money
Pakistan has reached a record level of foreign exchange reserves, but commentary points out that a large share of the buildup comes from borrowed funds, including loans and deposits from friendly countries and international lenders, rather than export earnings. Observers warn the milestone may mask continued vulnerability in the country's external finances and its dependence on external financing to shore up its reserves.
Why now: Pakistan's economy remains under strain, so any headline on its reserves and reliance on borrowing draws wide attention.
PakistanState Bank of PakistanIMF
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 19 min ago.
Evidence
- Pakistan just set a foreign reserves record. Much of it is borrowed money · ThePrint · 345.9K
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