Debt and hunger, UNDP chief sees ‘multiple’ world crises DAVOS: From soaring debt to the Ukraine war’s impact on food and energy prices, the world is facing “multiple... Published 26 May, 2022 07:13am
Markets 150 bps: roughly Rs1,250 added to monthly installments on just a Rs1m loan The State Bank of Pakistan hiked on Monday the key interest rate by 150 basis points (bps), taking it to 13.75%. ... Published 23 May, 2022 07:57pm
Markets Capital market: Investors show confidence as all IPOs oversubscribed ISLAMABAD: Pakistani capital market has witnessed 10 Initial Public Offerings (IPOs), eight equity and two debt... Published 23 May, 2022 06:55am
Markets Sri Lanka to default on debt, no money for fuel COLOMBO: Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of... Published 19 May, 2022 05:29am
Markets Sri Lanka shares plunge as Buddhist leaders ask govt to resign COLOMBO: Sri Lanka’s stock market halted trading after a nearly 13 percent plunge Monday as the island nation’s... Published 26 Apr, 2022 05:20am
Editorials The PTI govt’s debt profile EDITORIAL: Pakistan procured 12,767 million dollar loans July-March 2021-22 (provisional) against the budgeted ... Published 25 Apr, 2022 05:42am
World Washington man held for impersonating agent left trail of defaults and debt WASHINGTON: Before Arian Taherzadeh was arrested for impersonating a US law enforcement agent, he portrayed himself... Published 23 Apr, 2022 04:45am
Print Federal, provincial govts: At source deduction of Rs 111 billion power dues under study ISLAMABAD: The federal government is weighing the option to deduct at source outstanding electricity amount of Rs... Updated 22 Apr, 2022 10:32am
Print High debt could slow countries’ recoveries: IMF NEW YORK: Debt accumulated by businesses and individuals worldwide could slow economic recoveries from the pandemic... Updated 19 Apr, 2022 10:34am
Business & Finance Moody’s says Russia may be considered in default WASHINGTON: Moody’s Investors Service said Thursday that Russia “may be considered in default” if it does not... Published 16 Apr, 2022 04:10am
Opinion Reaching an appropriate cure for inflation ‘This is a cost-push inflation… it’s a rise in costs of fuel, which is something that is used in everything... Published 15 Apr, 2022 05:29am
Business & Finance Sri Lanka calls for restructure of $1bn debt and stability COLOMBO: Sri Lanka must look at restructuring a $1 billion sovereign debt due for payment in July, the outgoing... Published 08 Apr, 2022 05:28am
World US blocks Russia from paying debt with dollars held in US banks: Treasury WASHINGTON: The United States starting Tuesday will bar Russia from making debt payments using funds held at ... Published 05 Apr, 2022 05:43pm
World UK says it has settled historic debt to Iran LONDON: Britain has paid a historic debt owed to Iran relating to military equipment, Foreign Secretary Liz Truss... Published 17 Mar, 2022 04:53am
World UK govt says has settled outstanding £400 million debt with Iran LONDON: Britain has settled a £400-million debt with Iran as two dual nationals held in the country for years headed... Published 16 Mar, 2022 07:56pm
World S&P, Fitch downgrade Ukraine debt over crisis WASHINGTON: S&P Global Ratings downgraded Ukraine's long-term debt rating on Saturday, hours after a similar ... Published 26 Feb, 2022 04:58pm
World IMF chief urges G20 to move faster on debt relief We estimate that about 60 percent of low-income countries are in or at high risk of debt distress, double 2015 levels, says Georgieva Published 16 Feb, 2022 08:25pm
Business & Finance World Bank economist warns of dangers of ignoring growing debt WASHINGTON: Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the... Published 15 Feb, 2022 06:12pm
Opinion Serious debt distress facing developing countries Many of the developing countries are net importers of oil whose price has been rising, only recently to a seven-year... Published 11 Feb, 2022 04:31am
Business & Finance Jawad says PKR slide has fueled inflation, increased debt ISLAMABAD: Vice President of Pakistan Businesses Forum Ahmad Jawad has said that rupee devolution has sparked ... Published 11 Feb, 2022 04:31am
Opinion Baptism by fire awaits today’s rate-hike rookies Today’s central bankers have the unenviable task of weaning a pandemic-hit global economy off cheap money amid... Published 26 Jan, 2022 04:42am
Business & Finance NPPMCL asked to get Board’s nod for debt recapitalization ISLAMABAD: Privatisation Commission has directed National Power Park Management Company Limited (NPPMCL) to get... Published 14 Jan, 2022 06:20am
Business & Finance Indonesia’s Garuda airline enters debt restructuring JAKARTA: Garuda Indonesia has entered a court-supervised restructuring process as the debt-ridden airline tries to... Published 13 Dec, 2021 06:45am
Business & Finance Chinese city eases rules for developers amid cash crunch BEIJING: The Chinese city of Chengdu has announced measures to make it easier for developers to sell properties,... Published 26 Nov, 2021 05:15am
Print Jul 2018-Jun 2021: Total public debt up by Rs14.9trn, Tarin tells NA ISLAMABAD: Adviser to the Prime Minister on Finance Shaukat Tarin on Friday informed the National Assembly that ... Updated 20 Nov, 2021 12:29pm
Print PSEs big revenue drag: Country’s 25pc cos are ‘zombie’ firms: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has estimated that approximately 25 percent of the companies in... Updated 10 Nov, 2021 09:41am
Business & Finance Lloyds bank profit more than doubles as economy revives LONDON: British bank Lloyds on Thursday announced that its net profit had more than doubled in the third quarter to... Published 29 Oct, 2021 05:05am
World US Senate green-lights stop-gap deal to avert debt default WASHINGTON: The US Senate voted Thursday to stave off a credit default that would have sparked a recession and ... Published 09 Oct, 2021 04:10am
Editorials More and more debt EDITORIAL: Total government borrowing July-August 2021 has risen significantly during the first two months of the... Updated 07 Oct, 2021 10:32am
Markets Federal govt’s debt stocks touch new high of Rs39.77trn KARACHI: The federal government’s total debt (domestic and external) stocks rose over Rs 1 trillion during the... Updated 06 Oct, 2021 07:35pm
