debt
Fiscal Implosion In Pakistan Economy And Impact On Defence Spending
Pakistan has landed itself in fiscal maelstrom due to its profligate rentier mindset. The country's economy is on ventilator and is literally gasping for external bail-outs. The talks with IMF…
By Lt Gen K J Singh (Retd)
What Leads to a Pakistan Like Economic Crisis
By Prasenjit Deb Anyone who is around and aware of the Indian Sub-Continent knows that the last 3 years have been turbulent, to say the least, and no one can…
Pakistan Under Unending Strain – Part 1
Pakistan has for long, been heading towards a situation where it could be perceived as a failed state, or at least a state under immense strain. Everything that goes into…
By Lt Gen Syed Ata Hasnain (Retd)
Pakistan’s trade deficit hits record-high of USD 48.66 billion as imports soar
Islamabad, Jul 3 (PTI) Cash-strapped Pakistan's trade deficit has surged to an all-time high of USD 48.66 billion in the outgoing fiscal year, up from USD 30.96 billion a year ago,…
Sri Lanka in engagement with China to amend terms of USD 1.5 billion currency swap deal: Report
Colombo, Jun 16 (PTI) Sri Lanka is discussing with China to amend the terms and conditions of the USD 1.5 billion currency swap deal with Beijing so that it can…
China agrees to refinance Pakistan with USD 2.3 billion funding: Finance Minister Ismail
Islamabad, Jun 2 (PTI) China has once again come to the rescue of cash-strapped Pakistan as Finance Minister Miftah Ismail said on Thursday that the Chinese banks have agreed to…
Sri Lankan PM Wickremesinghe accepts Maldivian Speaker Nasheed’s offer to assist in securing international relief: Official
Colombo, May 19 (PTI) Sri Lankan Prime Minister Ranil Wickremesinghe on Thursday accepted a generous offer from Maldivian Speaker Mohamed Nasheed to assist the debt-ridden island nation's bid to secure…
Cash-strapped Pakistan, IMF agree to extend stalled bailout package, increase loan size to USD 8 bn
Islamabad, Apr 24 (PTI) Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to USD 8…
India has safeguards in place to mitigate risks from capital flows: IMF
Washington, Mar 31 (PTI) India, which has received a record number of foreign direct investment during the last few years despite COVID-19 crisis, has quite a few safeguards in place…
Poor nations pay highest debt service in 20 years -campaigners
JOHANNESBURG (Reuters) - Developing countries are paying more to service their debt than at any other time in the past two decades, with a heavier burden on the horizon if…
Evergrande’s billionaire boss exuded calm as crisis grew
By Clare Jim HONG KONG (Reuters) -Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed…
Despite Imran Khan’s promise to reduce circular debt to zero, Pakistan adds Rs 498 billion in FY21
Islamabad [Pakistan], July 4 (ANI): The continuous increase in the flow of the circular debt during the third year of Imran Khan's Tehreek-e-Insaf (PTI) government is against the promises that…
