debt
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Shamshad sees debt growing to 74% of GDP by June 2019
Stresses need for immediately restricting expenditures, enforcing revenue mobilisation plan
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PIA debt hits Rs406b, running only on govt support: report
Poor HR practices, unions, inept leadership main factors behind losses
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Pakistan govt’s debt swells to Rs23.6tr to bridge budget gap
Increases 13.7% in Jul-Apr as govt does not utilise its deposits kept with banks
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PM understates debt to show ‘successes’
Figures presented by Abbasi are lower by 4% of GDP or $12.5b when compared with stats available on SBP website
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ECC approves fresh borrowing of Rs50b to pay circular debt
Govt will ask NEPRA to add 55 paisa per unit to consumer tariff to cover the cost of debt
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Pakistan’s external debt soars to record $91.8b
Data suggests figure may soon hit $100b as country faces external financing challenges
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To service maturing debt, Pakistan to borrow Rs22 trillion in 2018-19
Finance minister Ismail seeks National Assembly’s approval for record amount
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Pakistan needs to watch out as CPEC-related debt soars
ADB and IMF share views on debt risk for countries along BRI
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Debt repayment, servicing alone to swallow Rs2.2tr
Pressure to mount on foreign currency reserves due to growing debt pile
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The state of the economy
The only way we can repay the debt is through our export earnings which continue to stagnate
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Pakistan’s debt-to-GDP ratio to hit 15-year high
Ratio of 70.1% is 20 percentage points higher than sustainable levels
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Amnesty schemes and tax reform: where is the twist?
Why would someone want to bring in hidden, undeclared assets to Pakistan
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Pakistan plans to borrow record $13b next fiscal year
Amount is 63% higher than current year’s original estimates
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Is the government bankrupt?
We are stuck with massive bills which our government must pay in order to survive
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External sector: PML-N’s Achilles’ heel?
Economic policymakers will need to make some hard choices in the coming months
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IMF head warns China on exporting debt through 'Silk Road'
Some countries already deeply in debt, will turn over crucial assets to Beijing as way to restructure loans
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Evaluation: Agency upgrades Spain’s debt rating
Higher revenues and expenditure control will allow the Spanish government to reduce fiscal deficit
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With double-digit growth, govt’s debt rises to Rs22.9tr
Net addition of Rs2.14 trillion made in eight months of current fiscal year, 10.3% higher than that in June 2017
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Elvis Presley's daughter finds herself in $16 million debt
Lisa Marie Presley is better known for her two-year marriage to Michael Jackson and 108-day marriage to Nicholas Cage
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Pakistan borrows another $500m from Chinese bank
Contracts loan from Industrial and Commercial Bank of China to support forex reserves
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Trump budget includes infrastructure plan, steep social cuts, rising deficits
Proposal eliminates Obama's health insurance program, cut billions in food assistance, medical programs for poor, old
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Debt-bearing capacity
The finance ministry’s debt policy statement for 2017-18 reads like a fact sheet on chronic government failure
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China's local government debt growth almost doubles in 2017
Chinese economy is in the process of rebalancing away from investment-heavy and export-dependent model
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Pakistan’s debt affordability will decrease if rupee weakens: Moody’s
Credit ratings agency says currency is still likely to come under pressure as current account deficit widens
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Pakistan does not get $1.4b committed aid
Countries include EU members, US, UK, Japan and Saudi Arabia
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Pakistan has to repay $6b foreign debt in six months
Amnesty scheme under study for offshore assets; govt may present its 6th budget.
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Pakistan has added to its debt - but this one may not be as bad a deal
Country raised $2.5b through bond issuances at a rate in line with expectations
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Pakistan borrows another $500m from China
Government seeks to stop decline of foreign currency reserves with commercial loan from ICBC
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Spending goes unchecked as country becomes addicted to debt
Loans must only be spent on development to defeat corruption culture
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Paying our own way
Between 2009 and 2015, the country received $27.483 billion in foreign assistance but paid back $22.111 billion
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Sargodha’s debt-ridden class has nothing to sell but their kidneys
Low wages and poor implementation of laws have hampered efforts to curb rising cases of illegal organ trade
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Debt drives kidney harvesting in Punjab's citrus orchards
Officials estimate that there could be at least 1,000 victims of the illegal kidney trade every year
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Ministry ‘too busy’ to brief Senate panel on swelling foreign loans
Committee chairman informed that secretary finance is not available even in the next week
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Govt to borrow another Rs41b to pay circular debt
Debt in the energy chain has swelled to around Rs402b
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Incentives, tax exemptions are on the rise, but exports are not
Survey says Pakistan’s revenue from major export markets has remained stagnant
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Hefty tax breaks result in whopping Rs415.8b dent
Does not include Rs50 billion exemption given to IPPs
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PAC questions power ministry’s circular debt explanation
Says despite low global petroleum prices Pakistan’s growing debt unfathomable
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PSO to get only Rs5b against Rs295b debt pile
Wants immediate release of Rs105b to clear its current bills
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SBP’s reserves fall below $16b
The decrease in reserves is attributed to external debt servicing
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Inquiry into circular debt payments suggested
Finance committee unanimously adopts investigation report into alleged undue payments made in June 2013
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Pakistan adds another $115m loan to its growing debt
Borrowing continues after country fails to generate non-debt creating inflows
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Borrowing spree to continue as Pakistan now seeks $700m
Will negotiate with ADB and AFD in bid to shore up foreign exchange reserves
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How the debt issue remains circular in Pakistan
Resurgence of load-shedding portrays govt’s myopic aims
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Infrastructure – the most productive use of debt
In Pakistan, money is primarily borrowed to bridge budget gap.
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Fearing higher deficit, govt reluctant to clear circular debt
Ministry of Finance to release just Rs6b against Rs393b debt
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Govt owes Rs2.5 billion to NADRA, SC told
Says the govt’s failure to pay the arrears may affect its ‘sustainability as an organisation of international...
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Pakistan gets $4.6b in fresh foreign loans
Amount was obtained over the past seven months
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Pakistan to repay $6.5b debt over next 15 months
Repayments to be made from Feb to June 2018 excluding interest paid on principal amount
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Pakistan’s debt dilemma
The real problem for our economy is not just the size of our debt but the repayments to creditors
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Every Pakistani now owes over Rs115,000
At a historic high of Rs23.14tr, country’s path to prosperity seems hindered by stock of debt and liabilities.