default
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Pakistan’s default risk worsens | The Express Tribune
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[ad_1] KARACHI: The perception of Pakistan’s risk of default has worsened with the five-year credit default swap (CDS) surging by 30 percentage points in a week to 93% on Monday ahead of the repayment of $1 billion for a maturing…
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Finance Minister Ishaq Dar dismisses rumours surrounding default, oil shortage
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[ad_1] Finance Minister Ishaq Dar addressing a press conference via video link. — Screengrab/PTV ISLAMABAD: Assuring the nation that Pakistan will not default, Finance Minister Ishaq Dar Saturday rejected all rumours related to the oil shortage and widening credit default…
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Rupee stuck in reverse gear amid high default risks
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[ad_1] A currency dealer works at an exchange company. — AFP/File KARACHI: Pakistani rupee Friday remained stuck in reverse gear versus the dollar in the interbank trade as high default risks and low foreign exchange reserves sapped the sentiment. The…
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Risk of default spikes to 13-year high of 52.8% | The Express Tribune
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[ad_1] KARACHI: Pakistan’s risk of default, measured by the 5-year credit default swap (CDS), on Tuesday spiked by 3.07 percentage points in a day and hit a 13-year high at 52.8%, suggesting foreign investors had lost their faith in the…
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Dar rules out default on debt | The Express Tribune
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[ad_1] WASHINGTON: Finance Minister Ishaq Dar has said that he will seek rescheduling of some $27 billion worth of non-Paris Club debt, but will not pursue haircuts as part of any restructuring. In an interview with Reuters, Dar ruled out…
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‘Pakistan on brink of debt default’ | The Express Tribune
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[ad_1] Renowned economist Steve Hanke has warned that Pakistan was on the brink of a “debt default”. “Its [Pakistan’s] sovereign bonds have lost more than 60% of their value this year. I’m not surprised,” he wrote on his official Twitter…
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PM lauds Miftah for avoiding default | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday appreciated the professionalism of former finance minister Dr Miftah Ismail, saying that he saved the country from default during severe economic crisis. The prime minister said Miftah Ismail took the toughest task…
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Economic crisis and default fear | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan now faces daunting challenges in dealing with the economic crisis to meet its balance of payments needs and avoid economic default. The budget deficit in the outgoing year 2021-22 is expected to be around Rs5,200 billion. Circular…
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Chinese IPPs face default risk | The Express Tribune
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[ad_1] ISLAMABAD: Power projects of the China-Pakistan Economic Corridor (CPEC) face further risk of default on the upcoming debt repayments, as their outstanding dues have jumped above Rs340 billion amid Pakistan’s back-pedaling on fulfilling its contractual obligations. Owing to the…
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Russia may be in default, says Moody’s | The Express Tribune
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[ad_1] LONDON: Moody’s said Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’s exclusion from the Western financial system since President Vladimir…
