Search For "foreign debt"
Amid worsening economic crisis, Pakistan's debt surges by PKR 4,304 billio
Updated : 1 year, 3 months ago IST
The domestic debt rose by PKR 4,556 billion during the period, while foreign debt decreased by PKR 251 billion, according to ARY News.
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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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Kenya's forex reserves decline due to foreign debt repayments, particularl
Updated : 1 year, 8 months ago IST
Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9 billion) over the past week, following substantial repayments of external debt.
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Pakistan PM Shehbaz Sharif vows to eliminate IMF dependency
Updated : 2 years ago IST
Amid the economic crisis, Pakistan Prime Minister Shehbaz Sharif vowed to get his country out of foreign debt, declaring that the country would get rid of the International Monetary Fund (IMF), Geo News reported.
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Farmers to hold rallies for foreign debt write-off in Pakistan
Updated : 2 years, 5 months ago IST
Farmers in Pakistan will hold protests in a number of towns in the South Asian nation, urging international lenders to cancel loans to Pakistan and other developing nations and compensate Pakistan for economic losses brought on by climate change, according to Dawn.
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Pakistan set to face burden of PKR 7.3 trillion in next fiscal year: Repor
Updated : 2 years, 9 months ago IST
Initially, the Pakistani government had budgeted PKR 3.9 trillion to cover markup on loans for the ongoing fiscal year 2022-23. However, revised estimates have revealed that the spending on interest payments rose to PKR 5.52 trillion.
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Pakistan's economic growth will contract by 0.3 pc in fiscal year 2023: Re
Updated : 3 years, 1 month ago IST
Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
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Pak economy facing its worst crisis, grim scenario ahead in 2023
Updated : 3 years, 2 months ago IST
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
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State Bank of Pakistan's foreign exchange reserves plunge to 8-year low at
Updated : 3 years, 2 months ago IST
The plunge in forex reserve is a worrisome scenario as it will create problems in the repayment of its huge foreign debts.
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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).
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Pakistan's default risk worsens, credit default swap spikes to 93 pc
Updated : 3 years, 4 months ago IST
Pakistan's credit default swap (CDS) spikes by 30 percentage points in a week to 92.53 per cent ahead of debt repayment, amid political unrest.
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Vietnam's tug of war with China over Laos
Updated : 3 years, 5 months ago IST
Vientiane [Laos], October 13 (ANI): Despite Vietnam's efforts to improve its relationship with Laos, the latter is moving towards China, as the nation is trying to gain benefits from Beijing's economy and Belt and Road Initiative (BRI) infrastructure.
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