Pakistan Probing for Illegitimate Debt
by Madelynne Wager, Mary Donahue
The Pakistan National Assembly reached a historic agreement regarding the need to audit Pakistan’s public debt. Both the ruling Pakistan Peoples Party and the opposition party, Pakistan Muslim League (N), supported the decision to examine the purpose of the country’s foreign and domestic loans acquired since 1985 and how they were used. The committee will allow Pakistan to reach decisive conclusions regarding its debt after decades of political rivals accusing each other for Pakistan’s growing debt burden.