default
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Pakistan records sharpest drop in default risk among emerging markets
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[ad_1] A man walks with sacks of supplies on his shoulder to deliver to a nearby shop at a market in Karachi, June 11, 2024. — Reuters ISLAMABAD: Pakistan has topped global emerging markets in reducing sovereign default risk, marking…
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Pakistan faces default risks sans IMF deal: Fitch
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[ad_1] Board outside International Monetary Fund (IMF). —AFP Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations, Fitch Ratings has highlighted the default risks that Pakistan faces if it fails to secure the next bailout…
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Spectre of default haunts US banks | The Express Tribune
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[ad_1] KARACHI: The Covid-19 pandemic is almost gone, but it is still haunting the US real estate sector and its banking system. Large office buildings, vacated right after the outbreak of the deadly virus, are still empty as the work-from-home…
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Default probability not strong: Fitch | The Express Tribune
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[ad_1] KARACHI: Fitch Ratings has affirmed Pakistan’s long-term foreign currency issuer default rating (IDR) at ‘CCC’, indicating that there is a possibility of foreign debt default but the probability is not yet strong. The global ratings agency affirmed the rating…
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Business confidence plummets as default looms | The Express Tribune
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[ad_1] KARACHI: Despite the country securing external loan payback arrangements under the International Monetary Fund (IMF) loan program, the majority of businesses remain wary of the risks associated with defaulting on foreign debt repayments, according to a survey conducted by…
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IMF deal averts Pakistan’s likely default: American expert
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[ad_1] Shipping containers are seen stacked on a ship at a sea port in Karachi, Pakistan, April 6, 2023. — AFP As the International Monetary Fund (IMF) announced that it has reached a staff-level agreement (SLA) with Pakistan, the director of…
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Dar comes down hard on Miftah for predicting country’s default
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[ad_1] Finance Minister Ishaq Dar speaking to a business delegation in Islamabad, on June 3, 2023, in this still taken from a video. — YouTube/PTVNewsLive ISLAMABAD: Finance Minister Ishaq Dar came down hard on his predecessor Miftah Ismail, saying those…
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Ishaq Dar asserts Pakistan will not default even without IMF deal
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[ad_1] Minister for Finance and Revenue Ishaq Dar chairs a meeting of the Economic Coordination Committee on May 10, 2023. — Twitter Days after Moody’s International Service warned of the possibility that Pakistan could default, Finance Minister Ishaq Dar rubbished…
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Dar puts on brave face despite lurking default | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Thursday put on brave face, expressing optimism that Pakistan would not default on its external repayments as the government struggled to resolve an acute balance of payments crisis in the absence of a deal with…
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Moody’s warns Pakistan could default without IMF bailout | The Express Tribune
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[ad_1] Moody’s Investors Service warned that Pakistan could default without an International Monetary Fund (IMF) bailout as the country faces uncertain financing options beyond June, reported Bloomberg on Tuesday. “We consider that Pakistan will meet its external payments for the…
