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Pakistan finance minister hints at 'Plan B' as IMF loan remains locked
Updated : 2 years, 11 months ago IST
While addressing the post-budget news conference, Dar ruled out any talks about restructuring external debt with multilateral agencies or Paris Club.
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Pakistan seeks debt relief from Paris Club creditors
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], September 24 (ANI): Pakistan Finance Minister Miftah Ismail has said that his country is seeking debt relief from bilateral Paris Club creditors in view of the devastating floods in the country which have claimed more the 1,500 lives.
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Paris Club extends Pakistan's debt payment deadline to December
Updated : 4 years, 7 months ago IST
Paris [France], September 26 (ANI): The Paris Club of creditor countries has announced that it was extending the deadline for Pakistan to service its debt, so that the country can meet its resources to combat the COVID-19 pandemic.
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China debt-traps nations with confidentiality clauses, says report
Updated : 4 years, 9 months ago IST
Beijing [China], August 25 (ANI): China, which is the world's largest creditor, is shockingly using confidentiality clauses barring borrowers from revealing terms and conditions of the engagement or even the existence of the debt itself.
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Chinese firm demands billions of shillings from Kenya before handing over
Updated : 4 years, 9 months ago IST
Nairobi [Kenya], August 12 (ANI): A Chinese firm demanded billions of shillings in pending bills that Kenya borrowed to build the modern railway line from Mombasa to Nairobi.
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Chinese loans to other countries are predatory, opaque in nature: Report
Updated : 4 years, 11 months ago IST
Tel Aviv [Israel], June 21 (ANI): Chinese loans have surpassed lending by the World Bank and the International Monetary Fund combined together. It has become the largest global overseas creditor accounting for close to 65 per cent of the world's official bilateral debt with outstanding forei
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