Search For "foreign loans"
Debt trap deepens as short-term borrowing keeps Pakistan's economy on edge
Updated : 2 months, 1 week ago IST
Pakistan's fragile external financing framework continues to undermine economic stability, with policymakers stating that dependence on foreign loans leaves the country exposed to recurring crises. Business representatives and economists argue that recent improvements in reserves do not reso
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Pakistan: Total foreign loans rise to USD 2.8bn in July
Updated : 2 years, 9 months ago IST
Pakistan's total foreign loans increased to USD 2.8 billion in the first month (July 2023) of the current fiscal year as a result of additional USD 2 billion time deposits from the Kingdom of Saudi Arabia (KSA) and USD 508 million in guaranteed loans from China for the Pakistan Air Force to
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Economic stability will be biggest challenge for upcoming National Assembl
Updated : 2 years, 9 months ago IST
In his farewell address in the National Assembly on Wednesday, Khawaja Muhammad Asif called for collective efforts to put Pakistan on the path of economic stability by use of own resources rather than depending on foreign loans.
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Pakistanis must throw out beggar's bowl: Army Chief
Updated : 2 years, 10 months ago IST
Pakistan's Army Chief Syed Asim Munir underlined the need to make the country self-reliant to end the dependency on foreign loans, which recently the cash-strapped nation secured with the International Monetary Fund (IMF).
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Pakistan's state-owned entities worst in South Asia, witnessing gigantic l
Updated : 3 years ago IST
Pakistan's state-owned entities together received over Pakistani Rupees (PKR) 458 billion in public funds to stay afloat as their combined loans and guarantees increased to almost 10 per cent of GDP PKR 5.4 trillion in FY21.
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 3 years, 1 month ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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Pakistan received USD 5.1bn in foreign loans in first five months of curre
Updated : 3 years, 4 months ago IST
Pakistan's Ministry of Economic Affairs (MEA) said it received about USD 5.115 billion in foreign assistance in 5MFY23 compared to USD 4.499 billion in the same period last year.
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Pakistan's foreign loans soar to USD 10.4 billion in July-December
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], January 28 (ANI): Pakistan has borrowed USD 10.4 billion in the past six months, which was higher by 78 per cent over the same period of last year, as it struggled to address the growing current account imbalance and keep the debt-financed foreign exchange reserves at c
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Pakistan gets USD 4.6 billion foreign loans in five months
Updated : 4 years, 4 months ago IST
Islamabad [Pakistan], December 24 (ANI): Pakistan has received around 4.6 billion US dollars in foreign loans during the first five months of the current fiscal year, taking its total loan inflows to about 40 billion US dollars since July 2018, local media reported on Friday.
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Pakistan's debt mounts over USD 15 billion, breaking previous year's recor
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], December 19 (ANI): Shattering the previous record of 10.45 billion US dollars, Pakistan took out 15.32 billion US dollars in new foreign loans in the fiscal year 2020-21, according to a new government report.
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Pakistan borrows USD 14.3 billion foreign loans in FY21
Updated : 4 years, 10 months ago IST
Islamabad [Pakistan], July 20 (ANI): Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the fiscal year 2020-21, compared to USD 10.66 billion in 2019-20, showing an increase of 34 per cent.
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Pakistan's external debt likely to increase as dependence on foreign loans
Updated : 4 years, 10 months ago IST
Islamabad [Pakistan], June 30 (ANI): Pakistan's external debt is likely to increase in the near future as it is under compulsion to borrow more and more every year to repay its outstanding external loans, finance its current account and build its forex reserves.
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