According to Fitch Ratings, what major financial obstacle is Pakistan expected to encounter in the fiscal year 2025?

Explanation

Fitch Ratings highlights that Pakistan is confronted with significant external financing challenges in FY2025, primarily due to external debt repayments totaling more than $22 billion, which includes around $13 billion in bilateral loans. This large repayment burden, combined with existing creditor constraints, makes obtaining adequate external funding difficult.