Evidence
Pakistan's total external debt and liabilities
Source
State Bank of Pakistan, Pakistan's External Debt and Liabilities - Outstanding — https://archive.sbp.org.pk/ecodata/pakdebt.pdf. Matched to the source page by an automated research pass on 6 Oct 2026; not yet checked by a person..
What it proves
Decades of external borrowing have left a stock of external obligations above US$ 135 billion, a core argument that aid-as-loans has built a debt trap.
external debtdebt trapsbpforeign loansbalance of paymentsimf