Pakistan's Senate Standing Committee on Economic Affairs expressed alarm over the nation's soaring debt, now at Rs90 trillion, and demanded rigorous scrutiny of foreign-funded development projects. The panel criticized the rising external borrowing, questioning the effective utilization of funds and alleged interference by lenders like the World Bank in project implementation. Concerns were also raised about project priorities and contract distribution, urging better planning for climate change risks. This ongoing financial pressure and scrutiny of external debt management could impact investor confidence and the stability of the Pakistani Rupee, potentially influencing gold and currency rates.
بحوالہ / Source: www.brecorder.com