Topic

debt crisis

Debt crisis rooted in spending, not taxation issues: Gohar

Updated 18 Jan, 2026 08:41am

Ejaz says Pakistan’s public debt trajectory over the past decade clearly shows that ballooning government spending has overwhelmed gains made through higher tax collection

Debt crisis and SDGs

Published 11 Jul, 2025 03:20am

’Today, 3.3 billion people live in countries that spend more on interest payments than on health, and 2.1 billion...

China’s leaders vow to fight ‘risks’ plaguing economy

Updated 19 Jul, 2024 07:27am

BEIJING: Beijing’s leaders vowed Thursday to resolve “risks” plaguing China’s economy, but were yet to offer...

Pakistan’s debt dilemma: navigating turbulent waters

Published 23 Apr, 2024 03:41am

In the intricate fabric of Pakistan’s economic landscape, a daunting debt crisis casts a long shadow, threatening...

Developing countries spent record $443.5bn to service public debts in 2022: World Bank

Published 14 Dec, 2023 05:24am

WASHINGTON: Developing countries spent nearly half a trillion dollars to service their external public and publicly...

Govt explains magnitude of SOE burden

Updated 28 Nov, 2023 10:01am

Federal Minister for Privatisation says current state of the public sector is unsustainable and contributes to the deterioration in the business environment in the country

IMF, World Bank to tackle climate goals among reforms at annual meetings

Published 05 Oct, 2023 10:24am

WASHINGTON: The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at...

Debt crisis relief for poor countries nowhere near enough: UN

Published 05 Oct, 2023 06:23am

GENEVA: Current attempts to resolve the debt crisis swamping poor countries do not go anywhere near far enough given...

Pakistan among developing countries facing a debt crunch

Published 04 Oct, 2023 03:43pm

LONDON: High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a...

Debt challenges facing 59 countries: PM urges world to find durable solution

Updated 21 Sep, 2023 08:46am

Proper implementation of the development agenda is only possible with global and regional cooperation, he says

Debt assessments should reflect growing share of domestic debt: World Bank

Updated 27 Apr, 2023 09:02am

WASHINGTON: Debt sustainability analyses carried out by the World Bank and International Monetary Fund should...

Monetary-fiscal history of Latin America: lessons for Pakistan

Published 06 Mar, 2023 06:43am

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Traders relaxed as ECB starts running down massive bond holdings

Updated 02 Mar, 2023 07:01am

Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank...

Balancing austerity demands with better debt relief and SDR support

Updated 10 Feb, 2023 12:30pm

’Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as...

On another debt crisis

Published 16 Jan, 2023 09:28am

Facing a challenging re-election battle in the next election cycle, the new year could not have started on a worse...

Next two years: WEF foresees 10 major risks

Published 12 Jan, 2023 05:51am

ISLAMABAD: Pakistan may face digital vulnerability and cybersecurity, rapid inflation, debt crisis, possible state...

Economy: EAG underscores need for reforms

Updated 07 Jan, 2023 08:48am

ISLAMABAD: The Economic Advisory Group (EAG) has called for necessary reforms to transform Pakistan into a globally...

Poor countries’ debt servicing costliest: World Bank

Updated 07 Dec, 2022 09:47am

NEW YORK: The poorest countries in the world now spend over a tenth of their export income to service external debt,...

Calamities, debt crisis, growth: prospects — II

Published 16 Oct, 2022 03:53am

H istorical precedents show the many ways in which various sectors of the economy do this. As rising debt causes a...

Pakistan in deep debt trap

Published 14 Oct, 2022 03:39am

Pakistan’s precarious financial situation, persisting for the last many decades, has landed it into a deep debt...

Pakistan will not seek Paris Club debt restructuring, says Ishaq Dar

Updated 10 Oct, 2022 09:39am

Says Pakistan will fulfil all sovereign debt commitments

World facing '5th wave' of debt crisis: World Bank chief

Updated 07 Oct, 2022 09:24pm

WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday,...

Moody’s cuts Pakistan’s rating to Caa1

Updated 07 Oct, 2022 09:37am

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded the government of Pakistan’s local and foreign...

Moody's cuts Pakistan's rating to Caa1

Updated 06 Oct, 2022 11:11pm

Rating agency says ongoing floods raise country's external financing needs, heightening risks of a balance of payments crisis

Calamities, debt crisis, growth: prospects – I

Says any nation will move towards default-like situation amid high debt servicing

The big default? Dozen countries including Pakistan in danger zone

Updated 16 Jul, 2022 04:44pm

LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

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