Fastest News Come First
Pakistan’s government is negotiating a $4.47 billion loan with commercial banks to tackle its mounting energy sector debt. Government’s Plan to Tackle Circular Debt The loan, amounting to 1.25 trillion Pakistani rupees, will be repaid over five to seven years, according to Power Minister Awais Leghari. The government, which owns or holds significant stakes in …
Continue reading “Pakistan Seeks $4.4 Billion Loan to Ease Power Sector Debt”
The Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, driven by expectations of a policy rate cut and progress in circular debt restructuring. Investors showed confidence as the market rallied ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement on March 10. Market Gains on Positive Sentiment The KSE-100 Index surged …
Continue reading “PSX Surges Amid Rate Cut Speculation and Circular Debt Reforms”
The International Monetary Fund (IMF) has urged Pakistan to take immediate action to reduce its circular debt, a major financial challenge for the country. During ongoing discussions, both sides held a special session focused on debt management. Pakistan informed the IMF that it is implementing a strategy to reduce circular debt by Rs. 1,250 billion, …
Continue reading “IMF Pushes Pakistan to Cut Circular Debt in Ongoing Talks”
Islamabad: Pakistan’s per-person debt has surged to nearly Rs302,000, marking an 11.3% increase over the past fiscal year. The latest Fiscal Policy Statement for 2025 reveals that the government failed to keep the budget deficit within the legal limit, exceeding Rs7 trillion. Debt Burden Escalates The per capita debt burden in Pakistan has risen from Rs271,264 …
Continue reading “Each Citizen Owes Rs302,000 as Budget Deficit Soars”
KARACHI: Pakistan’s crippling debt crisis has sparked intense debate among experts. While some advocate default and restructuring, others back the International Monetary Fund’s (IMF) strict austerity program. However, both approaches are flawed, say financial analysts. Instead, they propose a third way to steer the country out of its debt spiral. Rising Debt and Crushing Repayments …
Continue reading “Experts Suggest Alternative Path to Resolve Pakistan’s Debt Crisis”
US State Department Counselor Derek Chollet expressed concerns about debt owed to China by Pakistan and other countries during his visit to Islamabad. Pakistan, which has been historically close to Washington, has turned to China for support as it grapples with a severe economic crisis, marked by soaring inflation and critically low foreign exchange reserves. …
Continue reading “US Concerned about Pakistan’s Debt to China”
SBP Governor says that Pakistan has enough dollars to remain stable and avoid default position that everyone fears Governor of State Bank of Pakistan (SBP), Jameel Ahmed assured the nation that Pakistan has enough dollars in its reserves to meet foreign debt obligations. Recently an event took place at Institute of Business Administration (IBA) where …
Continue reading “SBP Governor Ensures Pakistan’s Stability”
