Search For "foreign debt"
China avoids bailing out Sri Lanka, Pakistan as their debt deepens: Report
Updated : 3 years, 11 months ago IST
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
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Foreign debt payments default will put pressure on banking sector: Sri Lan
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): Reacting to the Sri Lanka government's temporary suspension of payment of all foreign debts, former Prime Minister Ranil Wickremesinghe said that this will place further pressure on the banking sector in the country.
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Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payme
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its foreign debts.
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Amid economic decline, Pakistan faces USD 2.5 billion debt servicing oblig
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 9 (ANI): Amid a declining economy and political instability, Pakistan has to pay back foreign debt to the tune of USD 2.5 billion on account of principal and mark-up obligations during the ongoing quarter (April-June) of the current fiscal year 2021-22.
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Pakistan's trade deficit widens to USD 32 billion
Updated : 4 years ago IST
Islamabad [Pakistan], March 4 (ANI): Pakistan's trade deficit widened by a staggering 82 per cent year on year to reach USD 31.96 billion as per the data released by the Pakistan Bureau of Statistics on Wednesday.
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Pakistan headed to record deficit in excess of $20 billion in current fisc
Updated : 4 years ago IST
Islamabad [Pakistan], February 28 (ANI): With the current account deficit (CAD) touching an all-time high of $2.56 billion in the month of January 2022, Pakistan's overall CAD is expected to cross $20 billion by the end of this fiscal (2021-22), according to experts.
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Imran Khan to address Pakistan on the country's economic crisis
Updated : 4 years ago IST
Islamabad [Pakistan], February 27 (ANI): Pakistan Prime Minister Imran Khan will address his nation on Monday over the impact of the Russia-Ukraine conflict on the ongoing economic crisis of Pakistan.
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Pakistan's Current Account Deficit at an all-time high
Updated : 4 years ago IST
Islamabad [Pakistan], February 26 (ANI): Amid the continuing economic woes, Pakistan's Current Account Deficit (CAD) rose to an all-time high of USD 2.56 billion in the month of January 2022.
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Pakistan's foreign debt at record high, country plunged into economic chao
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 25 (ANI): Pakistan's economy is already crumbling and amid this, the country's Foreign Debt has jumped to a record USD 13.1 billion in the first seven months of the current fiscal year.
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Pakistan: Shahbaz Sharif slams Imran Khan govt for rising foreign debt, in
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 16 (ANI): Pakistan's Leader of Opposition and Pakistan Muslim League (PML-N) President Shahbaz Sharif, on Tuesday, slammed Imran Khan government for accepting huge amounts of international loans saying that the inflation has never been so high in the country.
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Sri Lanka could go bankrupt this year as inflation rises to record levels:
Updated : 4 years, 2 months ago IST
Colombo [Sri Lanka], January 9 (ANI): Sri Lanka is facing a deepening financial and humanitarian crisis that could lead it to bankruptcy in 2022 as inflation rises to record levels, said a media report.
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Imran Khan's 'naya Pakistan' pitch seems empty as Pakistan faces foreign d
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], December 25 (ANI): Pakistan Prime Minister Imran Khan's "so-called" promises of "naya Pakistan" seem empty with his government borrowing heavily from international financial institutions to stay afloat and the people of the country bearing the burden of debt as well as
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