Pakistan In 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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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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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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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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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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"Life Has Become Very Tough": Pakistanis Struggle As Inflation Soars
As Pakistan lurches from one crisis to another, citizens are taking to the streets to protest a duel economic and political meltdown with little precedent in the nations post-independence history.
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IMF Rejects Pakistan's Revised Circular Debt Management Plan: Report
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees
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Pakistan Requests China To Rollover $6.3 Billion Debt: Report
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.
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UN Chief Wants India To Mobilise G20 To Help Debt-Ridden Countries
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.
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Pakistan's Economic Crisis: In Dire Need Of $36 Billion - Hot Mic with Nidhi Razdan
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
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Pakistan Accumulates Over $10 Billion In New Debt During Covid: Report
Asian Development Bank released a report which states that Pakistan has accumulated over USD10 billion in new debt during the Covid-19 pandemic.
-
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.
-
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".
-
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.
-
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.
-
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.
-
"Life Has Become Very Tough": Pakistanis Struggle As Inflation Soars
As Pakistan lurches from one crisis to another, citizens are taking to the streets to protest a duel economic and political meltdown with little precedent in the nations post-independence history.
-
IMF Rejects Pakistan's Revised Circular Debt Management Plan: Report
The International Monetary Fund (IMF) review mission has rejected Pakistan's revised Circular Debt Management Plan (CDMP). It has called on the Pakistan government to increase the electricity tariff in the range of Pakistani Rupees
-
Pakistan Requests China To Rollover $6.3 Billion Debt: Report
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 Wants India To Mobilise G20 To Help Debt-Ridden Countries
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.
-
Pakistan's Economic Crisis: In Dire Need Of $36 Billion - Hot Mic with Nidhi Razdan
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
-
Pakistan Accumulates Over $10 Billion In New Debt During Covid: Report
Asian Development Bank released a report which states that Pakistan has accumulated over USD10 billion in new debt during the Covid-19 pandemic.
