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Pakistan's default risk increases sharply amid uncertainty about talks wit
Updated : 3 years, 3 months ago IST
The credit-default swaps increased and reached 75.5 per cent on Wednesday from 56.2 per cent, Dawn cited data circulated by research firm Arif Habib limited.
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Pakistan's economic condition worsens as default on borrowing spikes
Updated : 3 years, 4 months ago IST
Fast deteriorating CDS is signalling the foreign investors that Islamabad is precariously near default. Rather than taking SOS measures for economic revival, Islamabad is still pinning its hope on assistance from Saudi Arabia and China which have dried up in the recent past.
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Pakistan's risk of default spikes to 13-year high of 52.8 per cent
Updated : 3 years, 4 months ago IST
Following the global rating agencies Moody's and Fitch downgrading Pakistan's credit rating in recent weeks, Islamabad's risk of default spiked to a 13-year high of 52.8 per cent.
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Experts draw lessons learned from Sri Lanka's economic crisis
Updated : 3 years, 4 months ago IST
Focusing on deep-rooted, long-term economic vulnerabilities that led to sovereign default in Sri Lanka - the first time in the country's history - Umesh Moramudali, a Lecturer at the University of Colombo and Researcher on Public Debt & Development, pondered why Sri Lanka had come to thi
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China may seize Kenyan asset amid mounting debts
Updated : 3 years, 4 months ago IST
Nairobi [Kenya], October 22 (ANI): Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its debts.
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Credit agency Fitch downgrades Pakistan to CCC+ from B-
Updated : 3 years, 4 months ago IST
Islamabad [Pakistan], October 21 (ANI): Fitch Ratings on Friday downgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC+' from 'B-' amid country's political volatility and deteriorating economy.
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Pakistan on brink of debt default, PM Sharif 'failing to save sinking ship
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 16 (ANI): Warning that Pakistan is on the brink of a "debt default", renowned economist Steve Hanke said that Pakistan Prime Minister Shehbaz Sharif is failing to save the "sinking ship."
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Kerala fisherman wins Rs 70 lakh lottery hours after bank attachment notic
Updated : 3 years, 5 months ago IST
Thiruvananthapuram (Kerala) [India], October 15 (ANI): In what could be an interesting instance of fate on one's side, a Kerala fisherman won a lottery on the same day when he got an attachment notice of his house from the bank for default on loan repayment.
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China fines Kenya Sh1.31 billion for defaulting on railway loans
Updated : 3 years, 5 months ago IST
Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa.
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Laos economic crisis intensifies amid Chinese debt
Updated : 3 years, 5 months ago IST
Vientiane [Laos], October 12 (ANI): The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane is on the brink of loan default.
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Delhi's Mundka fire case: Building owner moves revision petition challengi
Updated : 3 years, 5 months ago IST
New Delhi [India], October 5 (ANI): The building owner accused in Delhi's Mundka fire case has moved a revision petition challenging an order denying default bail to him by a trial court. The petitioner moved the application seeking bail over the non-filing of the charge sheet in the case. T
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India thrashes Pakistan and Bangladesh to qualify for 14th World Esports C
Updated : 3 years, 5 months ago IST
The team, comprising skipper Ritesh Sarda (Defaulter), Shuvajyoti Chakraborty (Mcg1LLzZz), Anshul Adardkar (KiiLSwitCh), Hrishikesh Shenoy (Crazy_Gamer) and Harsh Jain (lynX), recorded identical 2-0 victories over Pakistan and Bangladesh in the semi-finals and final respectively.
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