Eight major fiscal risks—macroeconomic imbalances, growing debt, guarantees, climate degradation, losses in State Owned Enterprises (SOEs), risks associated with public-private partnerships, fiscal indiscipline in provincial governments, and governance issues—have been identified by the Ministry of Finance as having the potential to exacerbate Pakistan’s economic vulnerabilities. The Ministry of Finance’s Fiscal Risk Statement (FRS) for 2023–24 […]