Dossier
sovereign debt
Coverage of sovereign debt in the Nexus archive.
- Cutting out the middleman
Pakistan's federal government relies heavily on commercial banks for domestic debt, with banks holding 79% of marketable instruments worth Rs46.6 trillion. This concentration harms credit activity, with banks' advances-to-deposits ratio below 40% and SME loans at 10% of private-sector loans. A shift to retail investors could save Rs80 billion annually by reducing borrowing costs.
- Bitcoin’s $224K ‘fair value’ may emerge if sovereign debt fears deepen: Bitwise
A sovereign default-risk model from Bitwise estimates Bitcoin’s fair value at $224,000. Rising debt risks and bond-market stress could strengthen Bitcoin’s long-term investment case.