debt
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Govt, banks at stalemate over PIA debt restructuring | The Express Tribune
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[ad_1] ISLAMABAD: The government and commercial banks have failed to break an impasse over the restructuring of Pakistan International Airlines’ (PIA) Rs260 billion debt, compelling authorities to grant yet another extension to a committee attempting to find a solution. Sources…
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Govt debt may soar to Rs81.8tr | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has projected the federal government’s total debt obligations will skyrocket to Rs81.8 trillion by the end of this fiscal year while budget deficit and interest payment costs will exceed approved allocations. Due to…
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PIA debt restructuring talks begin | The Express Tribune
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[ad_1] ISLAMABAD: In a significant development, the government and representatives of commercial banks have initiated discussions to prepare a plan for the debt restructuring of Pakistan International Airlines (PIA) with the aim of keeping the struggling airline operational for another…
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Pakistan is in a debt (death) trap | The Express Tribune
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[ad_1] KARACHI: During the last week the Pakistani Rupee achieved a historic first. It broke through the Rs300 barrier against the Dollar. Other firsts were also recorded: The price of petrol broke through the Rs300 per litre barrier. The cost…
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Circular debt forecast to jump by Rs545b | The Express Tribune
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[ad_1] ISLAMABAD: The circular debt is projected to increase by another Rs545 billion by March next year despite a surge in electricity prices as foreign loans pegged with the so-called power sector reforms are limited to only increasing prices and…
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Debt soars Rs18.5tr during PDM govt | The Express Tribune
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[ad_1] ISLAMABAD: In an alarming development, the Pakistan Democratic Movement (PDM) government added Rs18.5 trillion to the public debt in just 15 months, which was more than the debt accumulated by its arch-rival Pakistan Tehreek-e-Insaf in its three-and-a-half-year tenure, reveals…
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Fitch lowers US credit rating over growing debt burden
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[ad_1] A ageneral view of the Fitch Ratings headquarters building in New York. — AFP/File WASHINGTON: Fitch stripped the United States of its stellar credit rating, downgrading by one point and blaming the rising federal debt load and an “erosion…
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China agrees to reschedule $2 billion debt | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to reschedule over $2 billion publicly guaranteed debt of Pakistan for a period of two years, providing a major relief to the government that is in the process of rebuilding foreign exchange reserves through fresh…
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G20 finance chiefs hash out global debt situation
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[ad_1] India’s Finance Minister Nirmala Sitharaman (right) speaks next to US Treasury Secretary Janet Yellen during a joint statement with US as part of the G20 Finance Ministers, Central Bank Governors (FMCBG) and Finance & Central Bank Deputies (FCBD) meetings,…
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Even debt restructuring may not be enough: experts | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy is on the brink as it grapples with mounting pressure and hyperinflation caused by an overwhelming debt burden. Urgent calls for debt restructuring are echoing through the country, with experts warning that the rupee is poised…
