Thursday, December 8, 2022
Tags Debt

Tag: Debt

Pakistan’s default fears increase after devastating floods

Pakistan’s bonds slumped to just half their face value on Friday, after the Financial Times said a United Nations development agency was urging the...

Foreign debt: Pakistan owes more to China than IMF & World Bank

Pakistan owes 30 percent of its foreign debt to China, the latest report from the International Monetary Fund (IMF) said, which includes state-owned commercial...

Pakistan’s debt swells to Rs53.5tr with addition of Rs23.7tr by PTI govt

Pakistan’s total debt and liabilities soared to Rs53.5 trillion – an addition of Rs23.7 trillion or nearly 80 percent under the watch of former...

China gives relief on $4.2bn debt, says Tarin

Finance Minister Shaukat Tarin on Tuesday said that China has agreed to rollover $4.2 billion debt that was maturing this week, providing a major...

Pakistan’s per person debt rises

The Ministry of Finance has submitted a self-contradictory fiscal policy statement in the National Assembly that also hid critical information from legislators, undermining the...

Evergrande pares Shengjing Bank stake as part of efforts to survive

Evergrande cuts off Shengjing Bank's stake for US$1.55 billion as part of its attempts to unshackle itself from its liabilities worth US$305 billion. The...

Pakistan gets major relief: Paris club reschedules $11.5bn debt payments

The Paris Club of creditor countries has given another extension to Pakistan to service its debt of $11.5 billion so that the country can...

Forex chronicles: Reserves drop to 19.5b

The State Bank of Pakistan reported on Thursday, a whopping drop of $479 million in the foreign exchange reserves. The amount held by the...

Evergrande strikes a deal as it scrambles to survive

Financial markets globally have seen alarming dips in the last few days, caused by a selloff triggered by fears of Evergrande’s probable default. The...

Pakistan’s total debt reaches Rs38.7tr in two years: SBP

The federal government's total debt has increased to 21.7 per cent which is an increase of Rs38.7 trillion in two years, an increase of...

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