Pakistan Debt

Pakistan's ousted Prime Minister Imran Khan said he's confident of returning to power this year, and would back a continued role for the International Monetary Fund to prop up the economy and stave off a growing risk of a debt default.

Pakistan's central bank chief said on Friday that the cash-strapped country would repay a USD 1 billion international bond on December 2, three days before its due date.

Pakistan has requested China to rollover its USD 6.3 billion debt that is maturing in the next eight months as part of its overall plan to arrange USD 34 billion in the current fiscal year to meet its debt and external trade-related obligations.

UN chief Antonio Guterres sought India's support in mobilising G20 nations to help out developing countries saddled with debt, including three of India's neighbours.

US Secretary of State Antony Blinken called Monday on Pakistan to seek debt relief from its close partner China as floods devastate the South Asian country.

Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.

India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.

Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.

Hot Mic with Nidhi Razdan: Pakistan is staring at a huge economic crisis. The country faces $6.4 billion in debt due over the next three years as Prime Minister Shehbaz Sharif's new government is trying to meet bailout terms set by the International

Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.

More than 40 countries have sorely felt the impact of the Chinese benevolence that seems ready to pull their people out of poverty, but instead lands them into debts that multiply and become difficult to be serviced, leave alone repaid, he said.

China on Wednesday acceded to Pakistan's request to rollover a whopping USD 4.2 billion debt repayment to provide a major relief for its all-weather ally, which is reeling under major economic crisis.

Asian Development Bank released a report which states that Pakistan has accumulated over USD10 billion in new debt during the Covid-19 pandemic.

The Delhi High Court Monday refused to entertain a PIL seeking recovery of "Rs 1 trillion" debt owed by Pakistan to India since the time of partition, alleging that the central government was not taking any steps to recover the amount.

Bearing the cost of failure of the ruling governments in Pakistan, the country has had to pay over Rs 26 billion in interest cost to China to repay a maturing debt in the fiscal year 2020-21, reported local media.

Pakistan's ousted Prime Minister Imran Khan said he's confident of returning to power this year, and would back a continued role for the International Monetary Fund to prop up the economy and stave off a growing risk of a debt default.

Pakistan's central bank chief said on Friday that the cash-strapped country would repay a USD 1 billion international bond on December 2, three days before its due date.

Pakistan has requested China to rollover its USD 6.3 billion debt that is maturing in the next eight months as part of its overall plan to arrange USD 34 billion in the current fiscal year to meet its debt and external trade-related obligations.

UN chief Antonio Guterres sought India's support in mobilising G20 nations to help out developing countries saddled with debt, including three of India's neighbours.

US Secretary of State Antony Blinken called Monday on Pakistan to seek debt relief from its close partner China as floods devastate the South Asian country.

Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.

India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.

Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.

Hot Mic with Nidhi Razdan: Pakistan is staring at a huge economic crisis. The country faces $6.4 billion in debt due over the next three years as Prime Minister Shehbaz Sharif's new government is trying to meet bailout terms set by the International

Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.

More than 40 countries have sorely felt the impact of the Chinese benevolence that seems ready to pull their people out of poverty, but instead lands them into debts that multiply and become difficult to be serviced, leave alone repaid, he said.

China on Wednesday acceded to Pakistan's request to rollover a whopping USD 4.2 billion debt repayment to provide a major relief for its all-weather ally, which is reeling under major economic crisis.

Asian Development Bank released a report which states that Pakistan has accumulated over USD10 billion in new debt during the Covid-19 pandemic.

The Delhi High Court Monday refused to entertain a PIL seeking recovery of "Rs 1 trillion" debt owed by Pakistan to India since the time of partition, alleging that the central government was not taking any steps to recover the amount.

Bearing the cost of failure of the ruling governments in Pakistan, the country has had to pay over Rs 26 billion in interest cost to China to repay a maturing debt in the fiscal year 2020-21, reported local media.