Pak Debts
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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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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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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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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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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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Imran Khan Says He'll Win Election and Fix Pak Economy
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.
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US, Pak Discuss Need To Maintain "Responsible Relationship" With India
Addressing the debt issue with China was one of the key focus of the talks between US Secretary of State Antony Blinken and his Pakistani counterpart Bilawal Bhutto Zardari.
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China Agrees To Rollover $4.2 Billion Debt: Pakistan
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.
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Plea To Recover "Rs 1 Trillion" Debt Owed By Pak To India Since Partition Rejected
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.
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Pak Pays Over Rs 26 Billion Interest Cost To China To Repay Debt: Report
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.
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Pak Among Top 10 Nations With Largest External Debt Stocks: World Bank Report
Pakistan is among the top 10 countries that possess the largest external debt stocks and became eligible for the Debt Service Suspension Initiative (DSSI) in the aftermath of the COVID-19 pandemic, said a World Bank report.
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CPEC Debt Less Than One-Tenth Of Pak's Total Debt, Says China
Refuting the US assertions on the multi-billion-dollar China-Pakistan Economic Corridor (CPEC), China has claimed the debt incurred from the project stands at $4.9 billion, which is less than one-tenth of Pakistan's total debt.
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Chinese Firms Pledge To Invest $5 Billion In Pak After Meeting Imran Khan
Leading Chinese firms have told Prime Minister Imran Khan that they will invest USD 5 billion in cash-strapped Pakistan in various sectors over a period of three to five years.
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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.
-
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.
-
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.
-
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.
-
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.
-
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
-
Imran Khan Says He'll Win Election and Fix Pak Economy
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.
-
US, Pak Discuss Need To Maintain "Responsible Relationship" With India
Addressing the debt issue with China was one of the key focus of the talks between US Secretary of State Antony Blinken and his Pakistani counterpart Bilawal Bhutto Zardari.
-
China Agrees To Rollover $4.2 Billion Debt: Pakistan
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.
-
Plea To Recover "Rs 1 Trillion" Debt Owed By Pak To India Since Partition Rejected
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.
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Pak Pays Over Rs 26 Billion Interest Cost To China To Repay Debt: Report
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.
-
Pak Among Top 10 Nations With Largest External Debt Stocks: World Bank Report
Pakistan is among the top 10 countries that possess the largest external debt stocks and became eligible for the Debt Service Suspension Initiative (DSSI) in the aftermath of the COVID-19 pandemic, said a World Bank report.
-
CPEC Debt Less Than One-Tenth Of Pak's Total Debt, Says China
Refuting the US assertions on the multi-billion-dollar China-Pakistan Economic Corridor (CPEC), China has claimed the debt incurred from the project stands at $4.9 billion, which is less than one-tenth of Pakistan's total debt.
-
Chinese Firms Pledge To Invest $5 Billion In Pak After Meeting Imran Khan
Leading Chinese firms have told Prime Minister Imran Khan that they will invest USD 5 billion in cash-strapped Pakistan in various sectors over a period of three to five years.
