Sri Lanka announces nearly $6bn bilateral debt deal COLOMBO: Sri Lanka on Wednesday said it had reached an “agreement in principle” with its lenders, including... Published 30 Nov, 2023 04:53am
Business & Finance World Bank points out 6 major challenges facing economy ISLAMABAD: The World Bank Tuesday while pointing out six major challenges facing Pakistan’s economy has launched a... Published 29 Nov, 2023 05:09am
World IMF chief calls on Italy, France, Spain to ‘buckle up’ on debt PARIS: Italy, France, and Spain must do more to tackle rising debt and deficit levels, IMF chief Kristalina... Published 24 Nov, 2023 01:02pm
Print Economic growth has to be backed by structural reforms: Shamshad ISLAMABAD: Caretaker Federal Minister for Finance Dr Shamshad Akhtar has said political and economic instability... Updated 24 Nov, 2023 09:44am
Print Bonds rally to highest level in over a year LONDON: Hopes that more international financial support is on the way lifted Pakistan’s government bonds to their... Updated 21 Nov, 2023 08:49am
Print Forex reserves fall by $79m KARACHI: The country’s total liquid foreign exchange reserves fell by $79 million during the last week due to... Updated 17 Nov, 2023 08:39am
Print Sept debt stocks down 2.6pc to Rs62.291trn MoM KARACHI: The federal government’s total debt (domestic and external) stocks recorded a decline of 2.6 percent in... Updated 11 Nov, 2023 08:55am
World China owed more than $1trn in Belt and Road debt? BEIJING: China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt... Published 08 Nov, 2023 05:42am
Print IMF team to visit country on Nov 2 KARACHI: An International Monetary Fund (IMF) mission will visit Pakistan on Nov. 2 to discuss the first review of... Updated 25 Oct, 2023 08:41am
Print MoF to share green bonds, debt swaps plan with SIFC today ISLAMABAD: Finance Ministry is all set to share its plan on floating of international and domestic green bonds and... Updated 24 Oct, 2023 09:37am
Business & Finance External debt servicing soars to record level in FY23 KARACHI: Pakistan’s external debt servicing soared to record level of some $18 billion mark in the last fiscal ... Published 24 Oct, 2023 05:05am
Print IMF sees slight rise in govt expenditure ISLAMABAD: The International Monetary Fund (IMF) has projected an increase of 0.6 per cent in the government... Updated 12 Oct, 2023 09:31am
Business & Finance Growing national debt termed ‘a bad omen’ KARACHI: Pakistan’s total debt (external and domestic) is on surge, reaching the historic mark of Rs. 64 trillion... Published 09 Oct, 2023 06:24am
Opinion Bond vigilantes and inversion anxiety One of Wall Street’s enduring lessons, “inverted yield curves don’t always predict recessions, but all... Updated 05 Oct, 2023 06:45am
Print 50bps hike in policy rate adds Rs300bn to domestic debt: MoF ISLAMABAD: The Finance Ministry has disclosed that 0.5 percent (50 basis points) increase in interest rate... Updated 05 Oct, 2023 11:06am
Print World Bank projects primary balance at negative 0.4pc ISLAMABAD: The World Bank has projected a primary balance for Pakistan at negative 0.4 percent (-0.4) for the... Updated 04 Oct, 2023 08:36am
Opinion IMF’s policy needs deeper political economic thinking ‘“Escalating protests in Pakistan against rising costs linked to IMF demands, which follow similar protests in... Published 02 Oct, 2023 07:03am
Business & Finance Global debt hits record $307trn NEW YORK: Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates... Published 20 Sep, 2023 06:28am
Opinion Private savings, govt dissaving: debt Savings by an individual/householder or a government have different objectives and constraints and while a healthy... Updated 18 Sep, 2023 07:33am
World EU ministers agree on fiscal reform ‘camino’, aim for year-end deal SANTIAGO DE COMPOSTELA, (Spain): European Union finance ministers on Saturday backed a timeline calling for the... Published 17 Sep, 2023 06:45am
Business & Finance July-August remittances post big fall Pakistan receives workers’ remittances amounting to $ 4.12 billion in July-Aug of FY24 Updated 12 Sep, 2023 09:58am
Opinion Rating agencies and Pakistan’s response There are three major international credit rating agencies providing investors information about bond and debt... Published 11 Sep, 2023 06:54am
Opinion Sales tax blues Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its... Published 11 Sep, 2023 06:32am
Business & Finance Roots of country’s debilitating debt trap highlighted KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor has said that Pakistan needs a deep reform program in... Published 11 Sep, 2023 06:32am
Print Govt says gas prices to be revised upward ISLAMABAD: The caretaker government said on Friday that gas prices have to be revised upward across the board... Updated 09 Sep, 2023 08:44am
Print Govt mulls IPO for three major power distribution companies KARACHI: Pakistan is considering selling stakes in three high performing state-owned power distribution companies... Updated 07 Sep, 2023 09:50am
Opinion The circular debt paradox The power sector has an annual turnover of around Rs 3.3 trillion. Of this, collection stands at around 88 percent,... Updated 04 Sep, 2023 06:43am
Print Debt management: FD advocates balanced approach ISLAMABAD: Fiscal discipline is essential to maintain primary surplus as total public debt/revenue and debt... Updated 02 Sep, 2023 03:08pm
Opinion Heavy indebtedness & power sector crisis In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the... Published 01 Sep, 2023 05:41am
Print Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to... Updated 01 Sep, 2023 09:11am