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Tag: debt

US concerned about debt Pakistan owes China, official says

The United States is concerned about debt owed to China by Pakistan and other countries, US State Department Counselor Derek Chollet said on Thursday...

World Bank chief says poorest countries owe $62 bln on bilateral debt

WASHINGTON: The world's poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past...

VIRAL: Man tied to bike and dragged for not paying debt

A young man from Odisha India was tied to a motorbike and dragged for over two kilometres after failing to pay the amount he...

US extends debt relief to Pakistan after floods

ISLAMABAD: Washington on Friday rolled over an agreement to suspend service payments on $132 million of Pakistan's debt, the US embassy in Islamabad said,...

US, Pakistan and other countries mired in high debt

Pakistan is not the only country that suffers high levels of debt that has become a bane for its economy. As many countries had to...

Opinion: In default zone

Financial crunch is now a global issue and many countries have almost reached the tipping point with strong possibilities that they will fall over...
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Little left to allocate for development projects in FY-2022-23 budget

Finance Minister Miftah Ismail presented the budget for the financial year 2022-23 (Budget 2022-23) in the National Assembly on Friday. Lion's shares of debt servicing and defence...

Saudi Arabia: Azmeel’s creditors approve $2 bln debt restructuring

Creditors of Saudi Arabia’s Azmeel Contracting Co, one of the kingdom’s five biggest builders, have approved the restructuring of a 7.73 billion riyal ($2.06...

Pakistan’s debts stand at Rs41,000 billion, Senate informed

ISLAMABAD: The finance ministry on Friday presented statistics regarding the external and domestic debts of the government of Pakistan until August 2021, in the...

Pakistan’s debt stands at Rs38,697 bn in June 2021: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the country's debt has soared to Rs38,697 billion in June 2021 with most of...

Loans acquired to pay previous debts, not for buying properties: Hafeez Shaikh   

The previous government's policy to lower the dollar rate intentionally had hurt the country's economy badly, said the finance minister.

ECC approves $142 million to pay off debt on Roosevelt Hotel

The Economic Coordination Committee (ECC) had approved $142 million funds for paying off debt on Roosevelt Hotel.

Debt burden on economy rises amid COVID-19 pandemic: Finance ministry   

The debt burden on the economy has reached upto 87.2 percent.

Pakistan to pay entire debt on Roosevelt Hotel

The move is aimed at avoiding borrowing further loans to run affairs at the Roosevelt Hotel and interest payment against it.

World Bank, IMF urge debt relief for poorest countries

In a joint statement, the institutions called on official bilateral creditors to immediately suspend debt payments from International Development Association (IDA) countries, if requested

Charred dead body discovered from Orangi Town, suicide alleged

The police investigation revealed that the deceased was in a 30-35000 rupee debt and was under tremendous duress due to not being able to pay back his loan.

Govt paid off over $10 billion debt in first year, Hammad Azhar tells Senate

'Foreign exchange reserves are also on an upward trajectory'

Sukkur woman sells her daughter to pay off debt

Police carried out a raid at the wedding ceremony and arrested the groom.

Americans have more debt, need family help to buy homes: report

The report shows the median sales price in September was up to $272,100 compared to $259,300 for all of 2018 and $197,100 five years earlier.

Past rulers plunged country into heavy debts for personal interests: Buzdar

The hard times are near to end, he maintained.
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