Search For "pakistan debt"
International Monetary Fund sounds alarm on Pakistan's 'fragile' external
Updated : 1 year, 7 months ago IST
According to the IMF, Pakistan's external financing requirements are projected to reach USD 62.6 billion over the next three years under the Extended Fund Facility (EFF) program. This amount is expected to further increase to USD 110.5 billion over a five-year period, from 2024-2025 to 2028-
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Pakistan govt's debt hits record high of PKR 70 trillion mark
Updated : 1 year, 7 months ago IST
Pakistan government's debt reached a record high of Pakistani currency (PKR) 70.36 trillion, a staggering figure that's sparking concerns about the country's economic stability.
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Pakistan's financial mismanagement continues, debt per person alarmingly h
Updated : 1 year, 8 months ago IST
The average debt per citizen in Pakistan has now touched PKR 295,000. The total debt owed by the country currently has risen by PKR 8.36 trillion, bringing the total to PKR 71.24 trillion in 2024, ARY News said, citing a report by Pakistan's Ministry of Finance.
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Pakistanis struggle with monthly expenses: 60 pc urban population cut back
Updated : 1 year, 9 months ago IST
According to a recent study by Pulse Consultant, of those currently struggling to make ends meet, 60 per cent have had to cut back on essential expenses, including groceries, while 40 per cent have resorted to borrowing money from their acquaintances.
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Pakistan ministers in China, plead for debt relief
Updated : 1 year, 10 months ago IST
The Pakistan ministers requested an eight-year extension for repaying energy debt, converting US dollar-based interest payments to Chinese currency, and reducing overall interest rates for both CPEC and non-CPEC Chinese-funded projects,
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Pakistan's debt burden and fiscal challenges: Report
Updated : 1 year, 11 months ago IST
The government has been grappling with an unsustainably high fiscal deficit, averaging 7.3 per cent of economic output over the past five years, leading to a staggering national debt of PKR 78.9 trillion.
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Pakistan's debt burden mounts to 63.399 trillion PKR: Report
Updated : 2 years, 4 months ago IST
The total debt burden on Pakistan has risen to a whopping 63,399 trillion Pakistani Rupees (PKR) by the end of November last year in the financial year 2023-24, ARY News reported on Friday citing an official report.
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Pakistan's unemployed figure to reach 5.6 million this year
Updated : 2 years, 8 months ago IST
According to the ILO estimates, Pakistan’s employment-to-population ratio in 2023 fell well below its pre-crisis trend line at 47.6pc, while the number of unemployed persons is expected to reach 5.6m — a surge of 1.5m since 2021.
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Pak airline seeks USD 75 million as bailout package from interim govt
Updated : 2 years, 8 months ago IST
The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency (approx. 75 million USD) from the government to continue its services amid the huge debt burden.
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Pakistan’s debt, liabilities soar to Rs 56.21 trillion in FY23
Updated : 2 years, 9 months ago IST
Pakistan’s total debt and liabilities have risen by 29 per cent to Rs 56.21 trillion in the fiscal year that ended on June 30, the country’s central bank said on Wednesday. This comes as the government borrowed heavily to finance its spending requirements, as per Dawn.
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Pakistani authorities should ponder over issue of debt sustainability: Rep
Updated : 2 years, 10 months ago IST
As per Daily Times, newly announced tax measures are bound to dampen the fanfare of the historic "economic revival plan".
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Pakistan's so-called 'geostrategic location' now stands as relic of bygone
Updated : 3 years ago IST
Pakistan has been struggling to keep pace with the shifting tides of global power and influence and Islamabad finds itself isolated from the global arena.
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