India's foreign exchange reserves stood at USD 532.7 billion as of September-end of 2022, covering 8.8 months of imports according to the Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in Parliament today.
The country owes almost one-third of its external debt to China, which is facing criticism for its debt trap diplomacy globally. The Pakistan regime has always ignored the people of the country while spending huge amounts of money on acquiring military equipment.
The visit of the IMF monitoring mission scheduled for October end has been delayed amid the differences between Islamabad's commitment to the IMF on fiscal consolidation and its actual decisions.
In its latest report "International Debt Report 2022, Updated International Debt Statistics," the World Bank said that the total external debt stocks were at USD 130.433 billion by 2021.
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.
Islamabad [Pakistan], September 4 (ANI): The International Monetary Fund (IMF) has reiterated that any new investments in the China-Pakistan Economic Corridor (CPEC) projects' could pose a risk to debt sustainability in Pakistan, media reports said.
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.
Raipur (Chhattisgarh) [India], July 30 (ANI): The notion that democracy holds back economic development is wrong and India's future lies in strengthening its liberal democracy and institutions, former RBI Governor Raghuram Rajan said.
Raipur (Chhattisgarh) [India], July 30 (ANI): India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
Karachi [Pakistan], July 13 (ANI): Pakistan's external debt servicing rose to USD 10.886 billion in the first three quarters of 2021-22 compared to USD 13.38bn in the entire FY21.
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.