Search For "debt servicing"
Pakistan's humungous internal borrowings push it towards a double debt cri
Updated : 1 year, 6 months ago IST
Pakistan currently finds itself in a double-edged debt trap. The entire budget of the country goes into domestic and foreign debt servicing, which consumes its tax revenue, hence, the country is forced to rely on its internal borrowing for survival.
Read More
Pakistan informs IMF its debt serving costs may go up to PKR 8.5 trillion
Updated : 2 years, 4 months ago IST
Pakistan faces challenges in securing around USD 6.5 billion in external debt this year due to unfavourable economic conditions.
Read More
Pakistan’s debt servicing heads towards record PKR 8 trillion as interest
Updated : 2 years, 6 months ago IST
The fiscal year 2023–24 will mark the first time when practically every month of the current fiscal year, federal revenue receipts will be less than what is needed to pay for servicing domestic and international debt. Since the fiscal position will only become worse, there will be more serio
Read More
Pakistan: Credit to private sector decreases fivefold, Government borrowin
Updated : 2 years, 10 months ago IST
Central bank data showed that bank credit to the private sector considered an engine of economic growth, dropped over fivefold in the period under review during the current difficult times. It clearly showed that businesses had been badly hit by the ongoing economic and political crisis.
Read More
Pakistan: EPTL warns federal government of shutting down plant
Updated : 2 years, 12 months ago IST
The company has written Central Power Purchasing Agency -Guaranteed (CPPA-G) a number of letters, most notably one on February 22, 2023, in which it asked for payment of its unpaid debts and alerted CPPA-G of impending debt servicing needs totalling Rs 28 billion.
Read More
Pakistan's external debt servicing jumps by 70pc
Updated : 3 years, 1 month ago IST
In the first half of the fiscal year, Pakistan paid USD 10.21 billion in external debt servicing while in the same period of 2021-22, the country paid USD 6 billion, State Bank of Pakistan's (SBP) data showed.
Read More
Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 2 months ago IST
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
Read More
Pakistan's interest expenses increases, spends over PKR 3.2 trillion on de
Updated : 3 years, 2 months ago IST
With a net income of PKR 2.5 trillion, Pakistan's total spending on debt servicing and defence reached over PKR 3.2 trillion more than the government's net income.
Read More
Fitch downgrades India's auto loan sector outlook on economic slowdown ris
Updated : 3 years, 3 months ago IST
High inflation, Fitch Ratings said, may increase the operating costs of vehicles and the cost of living, which may hurt operators' debt servicing capacity.
Read More
Djibouti struggles to repay Chinese loan, suspends debt repayments
Updated : 3 years, 3 months ago IST
The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
Read More
Pakistan to repay foreign debt, old dues
Updated : 3 years, 3 months ago IST
According to The Express Tribune citing Optimus Capital Management, Pakistan is scheduled to pay the foreign debt and bear debt servicing costs worth USD 26.3 billion over the 12-month period (November to October).
Read More
Pakistan forex reserves decline by over USD 2 bln
Updated : 3 years, 7 months ago IST
Karachi [Pakistan], August 12 (ANI): As Pakistan's economy continues to remain in doldrums, the country's foreign exchange reserves declined by over USD 2 billion during the first 5 weeks of this fiscal year due to massive external debt servicing.
Read More