Pakistan Drowning in $286 Billion Debt, Eyes 'Board of Peace' Fee Amidst Crisis
Pakistan
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News18•29-01-2026, 16:59
Pakistan Drowning in $286 Billion Debt, Eyes 'Board of Peace' Fee Amidst Crisis
- •Pakistan, burdened by a $286.8 billion debt, agreed to join the 'Board of Peace' proposed by Donald Trump, requiring a $1 billion fee.
- •This decision comes despite Pakistan's reliance on international aid, including a recent $1.2 billion IMF bailout and $700 million from the World Bank.
- •The country's foreign exchange reserves are critically low at $10.33 billion, raising questions about its economic priorities.
- •Critics argue Pakistan is using borrowed funds for diplomatic ambitions rather than addressing its severe economic challenges.
- •Pakistan also requested the UAE to extend the repayment deadline for a $2.5 billion loan, highlighting its financial distress.
Why It Matters: Debt-ridden Pakistan's decision to join the 'Board of Peace' for $1 billion raises concerns about its financial priorities.
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