All Stories: Default

Cataclysmic floods push Pakistan back by decades in terms of development, infrastructure and economic stability. Alhamdolillah the IMF Board has approved the revival of our...

KARACHI: All Pakistan Textile Mills Association (APTMA) has expressed concern over the country's economic situation and demanded the government to impose 'energy emergency' in...

LAHORE: Former Interior Minister Sheikh Rasheed on Sunday warned that political instability is heading the country towards 'default', ARY News reported. The Awami Muslim League...

ISLAMABAD: The International Monetary Fund (IMF) is looking to assess Saudi Arabia’s commitment to financing Pakistan before the global lender disburses fresh funds to...

Russia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the...

KARACHI: K-Electric Limited, which cuts off connections due to non-receipt of electricity bill, turned out to default on Rs2.5 billion of payables to Sui...

Islamabad: Former Chairman FBR Shabbar Zaidi has said that Pakistan is heading rapidly toward economic default unless the government takes immediate measures, ARY News...

FAISALABAD: A six-year-old girl was killed in Faisalabad when a loan shark opened fire at the victim's house after an argument with her father...

SAN JUAN: Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the US commonwealth would default on $422 million in debt.

ISLAMABAD: Pakistan is facing a looming threat of defaulting on its debt despite recent improvement in security situation and decrease in terrorist attacks.

ATHENS, GREECE: Greece on Tuesday looked set to miss an IMF payment and default, with a defiant Athens urging Greeks to reject creditors' demands for tough reforms in a weekend referendum, despite warnings that this would lead to a chaotic Greek exit from the eurozone.