Understanding the present crisis Understanding the problem is half the solution. This article spells out the top three problems that constitute the... Updated 25 Jan, 2023 11:04am
World UK borrowing balloons on energy support: data LONDON: The UK government’s debt almost tripled last month as it subsidises gas and electricity bills to protect... Published 24 Jan, 2023 05:57pm
Print Country needs to repay $3bn debt in five months: SBP KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan is out of default as major... Updated 24 Jan, 2023 08:52am
Business & Finance Yellen says a US default could cause global financial crisis DAKAR/WASHINGTON: US Treasury Secretary Janet Yellen said on Friday that a potential US default could cause a global... Published 21 Jan, 2023 06:41am
Opinion Debt, inequality and austerity ‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing... Published 20 Jan, 2023 06:44am
Editorials Fraught present, unknown future EDITORIAL: The country is fast approaching a point of no return. If the economy is forced upon a default on its... Updated 20 Jan, 2023 02:33pm
Business & Finance US hits debt ceiling amid standoff between Republicans, Democrats WASHINGTON: The US government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the... Published 20 Jan, 2023 06:10am
World US starts ‘extraordinary measures’ to avert debt default: Treasury WASHINGTON: The US Treasury began taking measures Thursday to prevent a default on government debt, as Congress... Published 19 Jan, 2023 08:40pm
Print World Bank delays approval of $1.1bn loans for Pakistan ISLAMABAD: The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next... Updated 19 Jan, 2023 12:24pm
World India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF COLOMBO: India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring... Published 18 Jan, 2023 07:09pm
Pakistan World Bank delays approval of $1.1 billion loans for Pakistan: source Major issue is circular debt management plan in the energy sector and tariff revision Published 18 Jan, 2023 06:50pm
Business & Finance Pasha warns of stagflation this year LAHORE: Noted economist and former finance minister Dr Hafiz Pasha has warned that Pakistan inflation can skyrocket... Published 18 Jan, 2023 06:22am
Opinion Stinking political quagmire The topmost immediate requirements to take the economy out of the tailspin are political clarity and certainty,... Published 16 Jan, 2023 06:51am
Opinion CPEC: a game changer or ...? Today all three national parties - Pakistan Muslim League-Nawaz (PML-N), Pakistan Peoples’ Party (PPP) and ... Published 16 Jan, 2023 06:46am
Business & Finance Reforms, not aid pledges, needed for improving economy: BMP LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) said on Sunday that... Published 16 Jan, 2023 06:18am
Opinion Managing sovereign default Nations can and do periodically default on their sovereign debt, despite the fact that they do so comparatively... Updated 13 Jan, 2023 07:41am
Opinion Global economic challenges and prospects for 2023 A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report... Updated 13 Jan, 2023 07:33am
Business & Finance Cost-of-living crisis ‘biggest global risk’ LONDON: The cost-of-living crisis will be the biggest global risk over the next two years, a survey by the World... Published 12 Jan, 2023 05:51am
Opinion FDI: disastrous policies This writer has been writing following in response to the news that the Government of Pakistan is considering... Published 11 Jan, 2023 06:33am
World Sri Lanka says treasury running dry, cuts spending COLOMBO: Bankrupt Sri Lanka announced on Tuesday sharp government spending cuts and warned it had barely enough... Published 11 Jan, 2023 05:53am
Opinion All roads lead to the Fund The press release, subsequent to the two-day fortieth National Security Council (NSC) meeting, noted that ... Published 09 Jan, 2023 06:01am
Opinion How to deal with Pakistan’s forthcoming currency crisis “There are no solutions. There are only trade-offs.” ? Thomas Sowell Nomura has warned that Pakistan faces currency... Published 07 Jan, 2023 06:00am
Print Pace of domestic debt accumulation accelerates Recent increase in debt burden emanated from higher fiscal and current account deficit Updated 07 Jan, 2023 04:28pm
Opinion PKR in Daristan The rupee-dollar parity during two tenures of Ishaq Dar as finance minister (2013-17 and 27 September 2022 to date)... Published 19 Dec, 2022 06:00am
Business & Finance China agrees to formation of global sovereign debt ‘roundtable’: IMF WASHINGTON: Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would... Published 17 Dec, 2022 05:58am
World IMF says global debt well above pre-pandemic levels despite steep 2021 drop WASHINGTON: Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs... Published 12 Dec, 2022 09:15pm
Print Govt committed to bringing economic stability: Dar LAHORE: Federal Minister for Finance Ishaq Dar has said that the country was plunged into economic crisis due to... Updated 12 Dec, 2022 09:40am
Business & Finance China's Big Five banks deliver strong profits as bad debts shrink SHANGHAI: China's five largest state-owned banks posted their strongest first quarter net profit growth for at least... Published 30 Apr, 2022 02:13pm