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All Stories: debt

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.

Govt forms high-powered commission to probe loans acquired in last 10 years

The federal government here on Friday formed a high-powered commission, headed by Hussain Asghar, to probe the soaring loans piled up over the past 10 years.

Pakistan’s gross public debt gushed by 16.6% during FY18

LAHORE: The annual report on “State of Economy” for FY18, released by State Bank of Pakistan on Thursday stated that the gross public debt of...

Pakistan needs to get out of this debt dependency trap: minister

ISLAMABAD: From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the...

US says closely evaluating Pakistan’s plea for IMF bailout

WASHINGTON: The United States (US) has said it is closely examining Pakistan’s request for the International Monetary Fund (IMF) programme to address its economic...

Pakistan, Italy extend Debt for Development Swap Agreement

Pakistan and Italy have agreed to further extend the timeline of the Pak-Italian Debt for Development Swap Agreement (PIDSA) till June 30, 2020.

‘Corrupt government? You voted for them!’ says China at Africa summit

BEIJING: As President Xi Jinping gathered together leaders from almost all countries of Africa for a summit in Beijing in recent days, some former...

As debt levels rise, Thai citizens struggle to keep up

BANGKOK: Pimpa Panlao, 31, is struggling to pay off an 80,000 baht ($2,440) bank loan and spends a third of her income from selling...

Each Pakistani owes Rs0.124 mn in debt today, says Imran

DHUR KOT: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday said each Pakistani owed Rs0.124 million in debt today, which was Rs35,000 before 2008,...

Mounting household debt a stability risk: IMF

WASHINGTON: Growing household debt may offer a quick boost to economic growth but can raise the risks of a financial crisis over the medium...

Chinese woman undergoes plastic surgery to evade $3.7 million debt: media

SHANGHAI: A 59-year old woman from the central Chinese city of Wuhan transformed her appearance through plastic surgery in order to avoid 25 million...

Fitch affirms Pakistan in B category with stable outlook

ISLAMABAD: Fitch Ratings has affirmed Pakistan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B' with Stable Outlooks. The issue ratings on Pakistan's senior...

Pakistan’s public debt crosses Rs. 18 trillion mark

ISLAMABAD:  Pakistan’s public debt mark increased by 35 percent as it crossed over Rs. 18 trillion figure during the current tenure of Pakistan Muslim League-Nawaz...

IMF warns global debt at record high

WASHINGTON: Worldwide public and private debt is at an all-time high, posing a substantial impediment to getting global economic growth back to normal, the...

Warning sign on China debt reaches record level: report

BEIJING, CHINA: A key gauge of China's debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported.

Donald Trump’s companies owe $650 million: NY Times

WASHINGTON: Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday.
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