ISLAMABAD (Web Desk) — Pakistan Tehreek-e-Insaf (PTI) leader Salman Akram Raja has warned that continued reliance on loans could further worsen the country’s economic challenges, calling for fundamental reforms to achieve sustainable stability.
Addressing a seminar, Raja said economic problems cannot be resolved without structural reforms, adding that even long-term budget planning would remain ineffective without changes to the existing financial system.
He questioned the policy of running state affairs through borrowing and said comprehensive reforms were essential to overcome the economic crisis. He stressed that lasting measures were needed to improve the national economy.
Raja said Pakistan’s economy was facing serious challenges and claimed that national debt had increased significantly during the past four years. He described the rapid rise in overall debt as a matter of concern.
He further stated that the current debt burden had reached levels comparable to the combined borrowing of previous decades. According to him, a significant portion of federal government expenditure was being consumed by debt servicing, creating pressure on national resources.
The PTI leader said heavy interest payments, along with other major expenditures, were reducing funds available for development projects. He argued that the growing debt burden was shrinking fiscal space for infrastructure and public welfare initiatives.