Search For "debt burden"
Kenya's economic crisis exposes debt burden amidst increasing Chinese infl
Updated : 1 year, 8 months ago IST
Kenya, known as East Africa's one of the more economically developed and politically stable countries, experienced protests where demonstrators expressed their anger against President William Ruto, demanding his resignation due to the introduction of the Finance Bill 2024, which included tax
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Pakistan's debt burden and fiscal challenges: Report
Updated : 1 year, 9 months ago IST
The government has been grappling with an unsustainably high fiscal deficit, averaging 7.3 per cent of economic output over the past five years, leading to a staggering national debt of PKR 78.9 trillion.
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INDI alliance has no base, they are misleading people: Tripura CM Manik Sa
Updated : 1 year, 11 months ago IST
Tripura Chief Minister Dr Manik Saha on Sunday criticized the CPI(M) for misleading people with promises of 'golden days' and leaving a debt burden of Rs 13,000 crore on the state.
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Pakistan's debt burden mounts to 63.399 trillion PKR: Report
Updated : 2 years, 2 months ago IST
The total debt burden on Pakistan has risen to a whopping 63,399 trillion Pakistani Rupees (PKR) by the end of November last year in the financial year 2023-24, ARY News reported on Friday citing an official report.
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Pak airline seeks USD 75 million as bailout package from interim govt
Updated : 2 years, 7 months ago IST
The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency (approx. 75 million USD) from the government to continue its services amid the huge debt burden.
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China's actions exacerbating Pakistan's debt issue
Updated : 2 years, 9 months ago IST
By December 2022, Pakistan's external debt had reached USD 126 billion; accounting for 35 per cent of its GDP. The problem is an outcome of legacy issues plaguing the Pak economy including dwindling foreign exchange reserves, high inflation, a lack of foreign investments and balance of payme
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Chinese debt trap hurdles Zambia's progress: Report
Updated : 3 years ago IST
Zambia is under a heavy debt burden, and the post-Covid economic recovery is slow. In such a situation, it is difficult to upgrade the dilapidated road connecting its mining sites to export destinations in the lack of funds to build infrastructure, Africa Daily Digital reported.
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Siddaramaiah plunged state into maximum debt burden: K'taka CM Bommai
Updated : 3 years, 1 month ago IST
Speaking about the reports regarding KPCC Manifesto Committee Chairman Dr G Parameshwar's unhappiness with being sidelined, Bommai said it was an internal issue of the Congress Party.
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As India assumes G20 presidency, PM Modi calls for a paradigm shift
Updated : 3 years, 3 months ago IST
Praising the outcomes of earlier 17 presidencies of the G20, the Prime Minster said India said that they successfully ensured macro-economic stability, rationalized international taxation and helped relieve debt-burden of countries, among others.
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Sri Lanka, Pakistan, Maldives stand neck-deep in Chinese debt: Forbes
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 12 (ANI): Sri Lanka, Pakistan and Maldives are among the biggest debtors of China. Pakistan owes USD 77.3 billion of external debt to China, according to Forbes.
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Chinese city health system nears collapse under Covid debt burden
Updated : 3 years, 8 months ago IST
Beijing [China], July 17 (ANI): Chinese city Huludao is showing signs of the strain of Covid-19 measures on local health systems, with authorities saying debts were rising far faster than their capacity to repay them, media reports said.
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Pakistan: Protests in Gilgit Baltistan over secret land deals with China
Updated : 3 years, 10 months ago IST
Gilgit Baltistan [PoK], May 12 (ANI): Pakistan is surreptitiously leasing out the Upper Hunza Valley to China in the near future to ease its mounting debt burden from the Chinese investment in the now increasingly burdensome China Pakistan Economic Corridor (CPEC) project.
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