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Implosion: 2025

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Interest payments as a percentage of FBR taxes: In 2017, a mere four years ago, Pakistan’s total debt payment amounted to 39 percent of FBR taxes. Today, our total debt payment consumes 75 percent of FBR taxes.

Red alert: Based on the current trajectory, by 2025, our debt payments will swallow 100 percent of FBR taxes. By 2025, Pakistan will become totally dependent on bank and non-bank borrowing plus foreign aid. By 2025, we will have little or no money for six essential items: Defence (Rs1,300 billion); Development (Rs800 billion); Running of the civil government (Rs500 billion); Pensions (Rs500 billion); Grants (Rs900 billion); Subsidies (Rs200 billion). What about education (Rs900 billion)? What about health (Rs1,300 billion)?

Imagine: by 2025 our defence budget will be totally dependent on foreign aid. To be........

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