The report reveals that due to the continuous rise in debt, every Pakistani citizen is now burdened with Rs318,252 compared to Rs90,047 just ten years ago.

It added that the country’s debt has been growing at an average rate of 13 percent annually, meaning the burden has tripled over the past decade. The report further warned that at this pace, the debt doubles every six years.

The report also advised the government to adopt strict financial discipline, expand the tax net, and reduce the current policy rate from 11 percent to 9 percent. Lowering the rate, it said, could reduce interest payments on loans by Rs12 trillion.

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According to the report, cutting the policy rate would increase fiscal space and make businesses more competitive.

It also cautioned that Pakistan’s debt-to-GDP ratio stands at 70.2 percent, which is significantly worse than other countries in the region, making the debt situation even more concerning.

The numbers paint a grim picture of Pakistan’s debt crisis. Rising at 13 percent annually, the debt burden is trapping citizens in financial strain. Experts believe lowering the policy rate and expanding the tax net could ease the pressure, but without urgent reforms, the country risks falling deeper into an economic trap.