Search For "circular debt"
IMF clears USD 1.2 billion disbursements for Pakistan, citing strong progr
Updated : 3 months, 1 week ago IST
The International Monetary Fund (IMF) has approved an immediate disbursement of USD1 billion to Pakistan under the Extended Fund Facility (EFF) and around USD 200 million under the Resilience and Sustainability Facility (RSF), bringing total disbursements to nearly USD 1.2 billion.
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CPEC dues soar to PKR 423 billion amid Pakistan's fiscal mismanagement, mo
Updated : 7 months, 1 week ago IST
Despite repeated promises and agreements, the Pakistani government has once again failed to honour its financial commitments under the China-Pakistan Economic Corridor (CPEC), with outstanding payments to Chinese power producers ballooning to PKR 423 billion by June 2025, The Express Tribune
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Pak: Man uses solar panels to charge mobile phones as country struggles wi
Updated : 1 year, 9 months ago IST
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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Pak: Inefficient power plants worsening circular debt crisis, report says
Updated : 1 year, 10 months ago IST
Titled 'Circular Debt Reduction Is Possible In a Single Click to Save Pakistan from Financial Catastrophe and Destabilisation,' the report highlights the deliberate non-use or under-utilisation of efficient power plants, alongside continued payments to highly inefficient and outdated ones, a
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Pakistan's debt substantially increased in PDM tenure: Report
Updated : 2 years, 4 months ago IST
Pakistan's circular debt is said to have significantly expanded during the Pakistan Democratic Movement's (PDM) rule, ARY News reported.
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Pakistan facing "exceptionally high" economic risks, says IMF
Updated : 2 years, 8 months ago IST
The lender insists that one more IMF program will be necessary to solve structural issues. The government has agreed to notify the public as soon as electricity rates increase by 5 Pakistan Rupees (PKR) per unit and gas prices increase by more than 40%, according to the report. This is becau
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Pakistan circular debt for Chinese Independent Power Producers reaches PKR
Updated : 2 years, 11 months ago IST
Pakistan's Planning Minister Ahsan Iqbal chaired the meeting and discussed progress on Special Economic Zones, ML-1, KCR and several new development initiatives to be discussed by the Joint Working Groups (JWGs).
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Pakistan, IMF at odds over Rs 900 billion fiscal gap
Updated : 3 years, 1 month ago IST
Meanwhile, Pakistan is contesting the fiscal gap in achieving the primary deficit. Pakistani authorities have asked the IMF for incorporating flow of reduction under the revised Circular Debt Management Plan (CDMP) and reduced the amount of required additional subsidy of Rs 605 billion again
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IMF giving tough time to Pakistan, says PM Shehbaz Sharif
Updated : 3 years, 1 month ago IST
"As we speak, an IMF delegation is in Islamabad and giving a very tough time to the finance minister and his team. I will not go into detail about this further but our economic challenges are unimaginable. The IMF conditions which we have to fulfill are beyond imagination but we have to do i
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IMF's rejection of Pak's revised debt management plan symptomatic of situa
Updated : 3 years, 1 month ago IST
"In a way, the extended finance facility of seven billion dollars that Pakistan seeks from IMF is no different from our own UDAY 1, UDAY 2 schemes but the context is quite different," the former diplomat told ANI.
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Pak Rupee loses ground against dollar in interbank market
Updated : 3 years, 1 month ago IST
During intraday trade, the rupee depreciated by Rs 1.17 and was trading at Rs 270. The rupee had closed at Rs 268.83 on Wednesday.
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IMF rejects Pakistan's circular debt management plan, calls for increase i
Updated : 3 years, 1 month ago IST
The IMF has called the revised CDMP "unrealistic", which is made on the basis of certain wrong assumptions.
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