debt
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China unveils $1.4tr local debt package but no direct stimulus
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[ad_1] A building housing the PricewaterhouseCoopers (PWC) branch office stands behind a Chinese national flag in Beijing January 24, 2014. — Reuters BEIJING: China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of…
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IMF links bailout package to $12b debt rollover | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has demanded of the Pakistan government to get $12 billion loan rolled over by next week to secure the bailout package. Besides, the fund has also asked the country to meet the revenue shortfall in the month of September. According to finance ministry sources, the ministry held a…
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Govt to ‘retire Rs18.7tr debt this year’ | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has released details of domestic and foreign debts up to June of this year. It has also shared a framework for the repayment of domestic and foreign debt over the next 16 years. According to the information presented by the Ministry of Finance in the National Assembly, by June of…
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Pakistan to pay Rs18.7 trillion in debt this year: Finance ministry | The Express Tribune
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[ad_1] The federal government has released details of national and foreign debt up to June this year, as reported by the Ministry of Finance. The data was presented to the National Assembly. As of June this year, Pakistan’s domestic debt stood at Rs71 trillion, comprising over Rs47 trillion in domestic loans and more than Rs24…
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Swiss minister calls US-EU debt ‘time bomb’ | The Express Tribune
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[ad_1] ZURICH: Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with Swiss daily Blick, Keller-Sutter extolled Switzerland’s “disciplined” finances, which she said had enabled the country to deal with…
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Debt soars to record Rs74.6 trillion | The Express Tribune
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[ad_1] ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis…
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Finance Ministry reveals substantial debt increase over three-year period | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance has submitted details to the Senate regarding the increase in national debt over the past three years. According to the written response, the national debt increased by Rs31.5 trillion during this period. In the fiscal year 2021-22, the debt rose by Rs9.4 trillion, in 2022-23 by Rs13.7 trillion, and…
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China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune
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[ad_1] Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project. Sources from the Ministry of Economic Affairs indicate that Pakistan expects a $500 million facility from the Islamic Development Bank for…
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PM urges FBR to gird up loins to pull country out of debt trap
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[ad_1] Prime Minister Muhammad Shehbaz Sharif addressing officers during his visit to headquarters of the Federal Board of Revenue in Islamabad on July 13, 2024. — APP ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday directed the Federal Bureau of Revenue (FBR) authorities to gird up their loins for revenue generation through increased tax collection to…
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PM Shehbaz orders FBR to revamp revenue strategy to combat national debt | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to reassess its revenue collection strategy to help reduce the country’s debt burden. During a meeting at the FBR headquarters on Saturday, the premier stressed the need to bring sectors that are not currently paying taxes into the tax net. He…
