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Interest and Riba: The Religious Argument Over Pakistan's Debt Whether the interest on Pakistan's national debt is riba is contested. Here are the sides. By the ISN Media desk • June 2026 • Approx. 8-min read Because Pakistan is a Muslim-majority state that pays a large share of its budget in inter...
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Subsidies in the 2026-27 Budget: Who Gets the 1,091 Billion? Where Pakistan's subsidy money goes, and why much of it is untargeted By the ISN Media desk • June 2026 • Approx. 7-min read Subsidies are one of the largest transfers in Pakistan's budget, and one of the most contested. This explainer se...
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Pakistan's Health Budget 2026-27: 20 Paisa and the 18th Amendment What the federal government spends on health, and the devolution caveat that frames it By the ISN Media desk • June 2026 • Approx. 7-min read Health is the second-smallest of Pakistan's named federal sectors, and like education it mu...
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The Environment Gets One Paisa: Pakistan's Climate Spending Paradox The smallest line in the budget, in a country among the most exposed to climate shocks By the ISN Media desk • June 2026 • Approx. 7-min read The environment is the smallest line in Pakistan's federal budget, which is striking for...
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Pakistan's Education Budget 2026-27: 63 Paisa in Every 100 Rupees What the federal government spends on schooling, and why the figure understates the total By the ISN Media desk • June 2026 • Approx. 8-min read Education is among the smallest lines in Pakistan's federal budget, but reading it corre...
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Domestic vs Foreign Debt: Why Most of Pakistan's Interest Is Owed at Home Of Pakistan's Rs 8,054 billion interest bill, the larger part is owed to its own banks By the ISN Media desk • June 2026 • Approx. 8-min read Pakistan's interest bill is the largest single item in its 2026-27 budget, and wher...
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The Debt Trap Explained: Why Pakistan Borrows to Pay Its Own Interest How a primary surplus and a large deficit can exist at the same time By the ISN Media desk • June 2026 • Approx. 8-min read One of the more confusing features of Pakistan's budget is that the government takes in more than it spen...
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Where Every Hundred Rupees Goes: Pakistan's Budget by Payment Type The 2026-27 federal budget reduced to a single Rs 100 note By the ISN Media desk • June 2026 • Approx. 7-min read A budget in the trillions is hard to picture, so this explainer reduces Pakistan's 2026-27 federal spending to a singl...
ISN MEDIAPakistan's Budget by Sector 2026-27: From General Public Service to Environment What the federal budget spends on each function, and the umbrella that hides the giants By the ISN Media desk • June 2026 • Approx. 7-min read There are two standard ways to divide a national budget. One sorts spending...
ISN MEDIAThis Year Against the Last: What Rose and What Was Cut in the 2026-27 Budget The year-on-year changes that show what Pakistan's budget protected and what it trimmed By the ISN Media desk • June 2026 • Approx. 7-min read A budget is judged most easily against the one before it. The direction of each...
ISN MEDIABank Borrowing Doubled: The 103% Jump in Pakistan's 2026-27 Budget Why planned borrowing from domestic banks rose from Rs 1,971 billion to Rs 4,012 billion By the ISN Media desk • June 2026 • Approx. 7-min read One line in Pakistan's 2026-27 budget rose more sharply than almost any other: planned b...
ISN MEDIAIs BISP Political? The Sindh Question Nobody Will Answer Why I believe a permanent handout has become a machine for votes By Asad Baig • Written from outside Pakistan • June 2026 • Approx. 9-min read I am going to say something here that some people will not like, and I am going to mark it clearly,...
Asad Baig
