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All Stories: debt

Pakistan govt debt reaches record high of Rs 70.36 tln

KARACHI: Pakistan’s central government debt has surged to an all-time high of Rs 70,362 billion, marking the highest level in the country’s history, ARY...

Pakistan has one-year debt rollover commitments from key lenders: Bloomberg

KARACHI: Pakistan has secured commitments from China, Saudi Arabia and the United Arab Emirates to rollover debt for a year, a boost for Islamabad...

Debt-ridden man puts his ‘son on sale’ to pay dues

In a shocking incident, a debt-ridden man in India was forced to put his minor son on sale as he was unable to repay...

Debt-laden companies can fail en masse in 2024; here’s why

Debt-laden companies across Europe, Middle East and Africa face a $500 billion refinancing scramble in the first half of 2024, a challenge that could...

Pakistan’s debt reaches Rs 64 tr: SBP

KARACHI: The total debt and liabilities of Pakistan has reached to Rs 64 trillion, a report released by the State Bank of Pakistan (SBP)...

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
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