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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...
ISN MEDIAThe 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...
ISN MEDIAWhere 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...
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How Pakistan Raises Its Money: Taxes, Levies and the Indirect Tilt (2026-27) Where the federal government's Rs 20,600 billion in receipts comes from By the ISN Media desk • June 2026 • Approx. 8-min read Before a budget can be divided, it has to be collected. This explainer sets out how the federal...
ISN MEDIAWhy Federal Sector Figures Understate Spending: The 18th Amendment Explained How devolution moved schools, hospitals and local development to the provinces By the ISN Media desk • June 2026 • Approx. 8-min read To read Pakistan's federal budget correctly, especially the small figures for education...
ISN MEDIAEducation gets 63 paisa in every 100 rupees. Health gets 20. The environment gets one. What Pakistan really spends on its own people, and the excuse they hide behind.
Asad Baig43 rupees of every 100 gone to interest before a single school is built. Rs 8,054 billion in one year. I walk you through Pakistan's debt trap.
Asad BaigI opened Pakistan's 2026-27 budget and read every rupee. Rs 18,771 billion, and where it really goes, in plain words anyone can follow.
Asad Baig
The Japanese Yen strengthened on Friday as top finance officials ramped up verbal warnings against speculative currency moves, fueling market expectations of direct intervention. Japan's Finance Minis
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