Pakistan’s quarter-century Ponzi scheme, and the exit that has no architecture
- Posted on June 15, 2026
- By Dawn
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- 1 min read
Pakistan’s quarter-century Ponzi scheme, and the exit that has no architecture
Pakistan has been paying its credit card bill with a new credit card for 25 years. This budget is the first time in a generation we are actually paying it down—but we haven't cut up the card.
