Pakistan Debt
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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
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'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
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India To Talk To World Bank, Global Watchdog Over Pak's 'Terror Funds' Supply: Sources
India, fresh from the military success of Operation Sindoor, is set to raise the pitch of efforts to highlight globally Pakistan's continued funding of cross-border terror activities, government sources told NDTV Profit Friday afternoon.
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IMF's Big Warning And 11 New Conditions For Pakistan After Op Sindoor: Report
The new conditions imposed on Pakistan include the parliamentary approval of a new Rs 17.6 trillion budget, an increase in the debt servicing surcharge.
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Pakistan Not Invited For Azlan Shah Cup Because Of 'Outstanding Debt'
The Malaysian Hockey Federation has not invited last year's runners-up Pakistan for the Azlan Shah Cup this year in November owing to an "outstanding debt".
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China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
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Pak Man Uses Solar Panels To Charge Mobile Due To Electricity Shortage
As the country deals with circular debt, a young man in Pakistan, who runs a mobile charging shop in a Sukkar village, started using solar panels to get power as the problem of electricity shortage rises across the nation, reported ARY News.
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Pakistan To Seek $6 Billion In New IMF Loan Program: Report
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.
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Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
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IMF's Debt Dilemma Looms After Pak Election: Central Bank's Ex Governor
The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country's debt situation, a former central bank governor of the South Asian nation said.
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Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
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IMF And Pakistan Forge $3 Billion Stand-By Deal To Aid Economic Stability
Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.
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Cash-Strapped Pak Draws $51 Billion Budget, Sets Aside Half To Pay Debt
Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
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Amid Economic Crisis, Pakistan Government's Debt Rises To Over Rs 58 Trillion
The Pakistan government's total debt has increased 34.1 per cent year-on-year to Rs 58.6 trillion at the end of April, according to the latest report by the country's central bank.
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Pak Listed In 15 Worst Countries Under Enormous Debt Stress: Report
Amid its mounting external debt, Pakistan is listed among the 15 countries globally which are under enormous debt stress, Business Recorder reported.
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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
-
'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
-
India To Talk To World Bank, Global Watchdog Over Pak's 'Terror Funds' Supply: Sources
India, fresh from the military success of Operation Sindoor, is set to raise the pitch of efforts to highlight globally Pakistan's continued funding of cross-border terror activities, government sources told NDTV Profit Friday afternoon.
-
IMF's Big Warning And 11 New Conditions For Pakistan After Op Sindoor: Report
The new conditions imposed on Pakistan include the parliamentary approval of a new Rs 17.6 trillion budget, an increase in the debt servicing surcharge.
-
Pakistan Not Invited For Azlan Shah Cup Because Of 'Outstanding Debt'
The Malaysian Hockey Federation has not invited last year's runners-up Pakistan for the Azlan Shah Cup this year in November owing to an "outstanding debt".
-
China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
-
Pak Man Uses Solar Panels To Charge Mobile Due To Electricity Shortage
As the country deals with circular debt, a young man in Pakistan, who runs a mobile charging shop in a Sukkar village, started using solar panels to get power as the problem of electricity shortage rises across the nation, reported ARY News.
-
Pakistan To Seek $6 Billion In New IMF Loan Program: Report
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.
-
Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
-
IMF's Debt Dilemma Looms After Pak Election: Central Bank's Ex Governor
The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country's debt situation, a former central bank governor of the South Asian nation said.
-
Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
-
IMF And Pakistan Forge $3 Billion Stand-By Deal To Aid Economic Stability
Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.
-
Cash-Strapped Pak Draws $51 Billion Budget, Sets Aside Half To Pay Debt
Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
-
Amid Economic Crisis, Pakistan Government's Debt Rises To Over Rs 58 Trillion
The Pakistan government's total debt has increased 34.1 per cent year-on-year to Rs 58.6 trillion at the end of April, according to the latest report by the country's central bank.
-
Pak Listed In 15 Worst Countries Under Enormous Debt Stress: Report
Amid its mounting external debt, Pakistan is listed among the 15 countries globally which are under enormous debt stress, Business Recorder reported.
