Public Debt in Pakistan: Myths, Realities, and Strategic Management

Contrary to popular belief, Pakistan is not one of the most indebted countries globally, as evidenced by its 119th ranking in terms of debt level. This challenges the perception that Pakistan’s debt situation is among the worst.

Source: Created uisng Microsoft DEsigner

The recent statistics released by The World of Statistics on social media platform X have put a spotlight on the global debt landscape. Topping the chart are the United States with $33,229 billion, China with $14,692 billion, and Japan with $10,797 billion. In stark contrast, Pakistan ranks 119th, a position far away from these debt giants. However, in terms of Debt-to-GDP ratio situation seems bit worse, the top ten countries in terms of Debt-to-GDP are:

1. Japan — 259.4%
2. Sudan — 200.4%
3. Greece — 194.5%
4. Eritrea — 179.7%
5. Singapore — 159.9%
6. Maldives — 154.4%
7. Lebanon — 150.6%
8. Italy — 150.3%
9. Cape Verde — 145.1%
10. Barbados — 135.4%