Search For "debt"
Pakistan following Sri Lanka's path to land in Chinese debt trap
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 18 (ANI): Pakistan is blindly following Sri Lanka's path which will lead the country to fall into the Chinese debt trap.
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IMF calls for quick agreement between Zambia, creditors on debt restructur
Updated : 3 years, 9 months ago IST
Zambia [Zimbabwe], June 16 (ANI/Xinhua): The International Monetary Fund (IMF) on Wednesday called for a quick agreement between Zambia and its creditors on debt relief in order to speed up the process of a financing agreement.
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Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal
Updated : 3 years, 9 months ago IST
New Delhi [India], June 14 (ANI): Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on
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Pakistan in catch-22 situation on IMF, CPEC: Report
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 14 (ANI): Amid the political instability and debt payments for power plants coming up under the China-Pakistan Economic Corridor (CPEC), IMF's threat to delay the release of the USD 3 billion bailouts from six billion has pushed the Islamabad into an economic crisi
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Pakistan's political parties blame each other for economic crisis in the c
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 13 (ANI): Pakistan's political parties, the incumbent Pakistan Muslim League-Nawaz (PML-N) government and the ousted Pakistan Tehreek-e-Insaf (PTI) government led by Imran Khan on Sunday blamed each other for the economic mess in the country.
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Pakistan's total public debt exceeded PKR 44 trillion by end of Imran Khan
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 10 (ANI): The total public debt of Pakistan was PKR 44,366 billion at the end of March 2022, and had increased by PKR 4,500 billion over the first nine months of the outgoing fiscal year, according to the Pakistan Economic Survey 2021-22.
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Chinese loans to Africa tend to decline during times of crisis
Updated : 3 years, 9 months ago IST
Brussels [Belgium], June 9 (ANI): The Chinese loans to Africa tend to decline during times of crisis and the loan commitment dipped in 2020 due to the COVID-19 pandemic.
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Why you should never pay the minimum payment on anything
Updated : 3 years, 9 months ago IST
New Delhi [India], June 7 (ANI/ATK): We may occasionally become impetuous purchasers and buy too many things or may rely on an instant personal loan to meet our immediate financial needs. Today, with easy access to credit, thanks to several instant loan apps, anybody can stretch their expend
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Economic crisis: Pakistan making same mistakes as Sri Lanka
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], June 5 (ANI): Pakistan is replicating Sri Lanka while trying to solve its economic crisis, denying its past mistakes as well as the current happenings domestically and ignoring the lessons it could have learned from the island nation.
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Pakistan's IMF program depends on govt ability to make fiscal adjustments
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], June 2 (ANI): The restoration of Pakistan's delayed International Monetary Fund (IMF) programme depends on the government's capacity to make a fiscal adjustment of about 2.5 per cent of the GDP.
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Beijing's debt trap: Chinese nationals face threats in Pakistan, Sri Lanka
Updated : 3 years, 10 months ago IST
Beijing [China], May 28 (ANI): China seems to be trapped in its own web that it had spun around countries to catch them in a debt trap through its inherently exploitative Belt and Road Initiative.
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Pakistan's economic condition continues to deteriorate due to 'deep debt'
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 27 (ANI): Pakistan is one of the fifty-two countries facing a severe debt crisis and the repayment and servicing of external debt are amongst the most severe issue faced by the country.
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