Search For "debt trap"
"Indian Ocean has always been a peaceful place": Sri Lanka MP after US tor
Updated : 1 week ago IST
Harsha de Silva, MP, Chair of the Committee on Public Finance of the Parliament in Sri Lanka, while talking to ANI, said regional neighbours have traditionally viewed the Indian Ocean as a zone of peace and connectivity and torpedoing of a warship is seen as a dangerous escalation that bring
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Debt trap deepens as short-term borrowing keeps Pakistan's economy on edge
Updated : 1 week ago IST
Pakistan's fragile external financing framework continues to undermine economic stability, with policymakers stating that dependence on foreign loans leaves the country exposed to recurring crises. Business representatives and economists argue that recent improvements in reserves do not reso
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"We feel ashamed when Field Marshal Asim Munir and I go around the world B
Updated : 1 month, 3 weeks ago IST
"We feel ashamed when Field Marshal Asim Munir and I go around the world BEGGING for money. Taking loans is a huge burden on our self-respect. Our heads bow down in shame. We cannot say NO to many things they want us to do," said Pakistan PM Shehbaz Sharif, reported A1tv.
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Zavo revolutionizes EMI Culture, rewards timely payments with prizes worth
Updated : 6 months, 3 weeks ago IST
New Delhi [India], August 28: Zavo's India's largest community of EMI payers, today announced the launch of EMI Game--a competitive repayment league where borrowers are rewarded for timely payments with prizes worth up to ₹75 lakh.
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Pakistan Tehreek-e-Insaf leader criticises govt for dragging country's eco
Updated : 9 months, 1 week ago IST
On Sunday, PTI Central Information Secretary, Sheikh Waqqas Akram, said that the economic conditions of ordinary Pakistanis has never been as alarming as it has been in the past three years, putting the nation into a worst debt trap.
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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.
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Laying the Foundation: Constructing a Debt-Free Future with SingleDebt
Updated : 1 year, 7 months ago IST
New Delhi [India], August 23: "The rapid expansion of digital or APP lending platforms has made access to credit easier than ever, but it also increases the risk of falling into debt traps if not managed wisely."
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"BJP kept farmers of country trapped in debt trap": Rahul Gandhi
Updated : 1 year, 7 months ago IST
Congress leader Rahul Gandhi on Wednesday criticized the BJP, alleging that it has trapped the country's farmers in a cycle of debt. He said that the INDIA bloc aims to free farmers from this by offering them a legal guarantee of Minimum Support Price (MSP).
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"Centre must provide special schemes for Himachal," says CM Sukhu on Union
Updated : 1 year, 8 months ago IST
Expressing expectations on the Union Budget for 2024-25, to be presented by Finance Minister Nirmala Sitharaman, which essentially outlines the government's financial plan to drive economic growth, enhance infrastructure, and promote social welfare, Himachal Pradesh Chief Minister Sukhvinder
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Islamabad caught in China-Pakistan Economic Corridor debt trap, Beijing ha
Updated : 1 year, 8 months ago IST
The faltering economy of the country and the monetary policies designed by Pakistan, currently render the nation incapable of paying back loans and Independent Power Producers (IPPs) projects launched under the China-Pakistan Economic Corridor (CPEC).
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Is Laos next in line to fall victim to China's debt trap diplomacy?
Updated : 1 year, 8 months ago IST
A recent report suggests that the country's debt has nearly doubled, reaching USD 950 million in 2023, up from USD 507 million in 2022. The majority of this debt is owed to China, according to local news outlet, The Laotian Times.
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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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