US Aims to Support Pakistan in Breaking Free from Debt Cycle
Washington DC: The United States has expressed its commitment to helping Pakistan escape the ongoing cycle of debt and reliance on international financing, which it deems unsustainable in the long run.
In response to questions regarding the recent approval of a $7 billion loan for Pakistan by the IMF, a State Department spokesperson emphasized the loan’s importance in strengthening Pakistan’s economy and tackling its persistent economic challenges. However, the spokesperson made it clear that such financial assistance should not be viewed as a permanent solution.
“A robust economy is crucial for Pakistan’s long-term stability and prosperity. We are committed to helping Pakistan attract more trade and investment, particularly from the United States,” the spokesperson stated, highlighting a proactive approach to fostering economic resilience.
