Debt default

With just a week left for the US to come to an agreement over raising its debt ceiling, uncertainty has risen as lawmakers went into recess for the Memorial Day …

The ongoing political turmoil in Pakistan will make it even more difficult for the Shehbaz Sharif government to secure the much needed multilateral and bilateral loans. The inflow of foreign …

Time is running out for Pakistan as the deadline to repay $3.7 billion inches closer. The country’s Finance Minister Ishaq Dar has assured timely repayment of the debt – by …

The spotlight is on Washington. Will it manage to avert a debt default? If the debt ceiling – the maximum amount that a country can borrow — is not enhanced …

Cash starved Pakistan, which is currently in talks with the International Monetary Fund (IMF) for resumption of the $6.5 billion loan programme has been miffed by the multilateral agency, which …

Staring at bankruptcy, Pakistan has finally agreed to the stringent conditions of the International Monetary Fund (IMF) for the much awaited $7 billion loan programme to resume. According to reports, …

After Sri Lanka, will Pakistan be the second South Asian nation to participate in the debt restructuring exercise? Amid deepening economic crisis and a stalemate in talks with the International …

Worries for Pakistan have risen as the ongoing ninth review of the loan package under the Extended Fund Facility of the International Monetary Fund is slated to end today and …

Pakistan, which is going through its worst economic crisis with a repayment liability of $73 billion by 2025, would need to take “tough” decisions to reboot its economy and not …

The news that Saudi Arabia is ready to provide assistance to cash starved Pakistan has made headlines. But policymakers’ worries continue as the timing of the assistance to the South …

Pakistan, which will have to make a repayment of $1 billion by next week to avoid a default, is desperately hoping to get $3 billion from Saudi Arabia amid uncertainty …

After severely criticising the International Monetary Fund (IMF) for setting stringent riders for the $7 billion loan package under the Extended Fund Facility (EFF) programme, Pakistan’s Finance Minister Ishaq Dar …

Pakistan will step into the new year with uncertainty. Come January, Islamabad will be required to make repayments of $1 billion to two commercial banks in the Gulf. In the …

Amid slowing economy driven by the Russia-Ukraine war and a surge in Covid cases in China, its high debt to GDP ratio is becoming a cause for concern. To add …

Pakistan’s foreign exchange reserves at $6.72 billion – lowest in almost four years — mostly comprises borrowed money from other countries and multilateral agencies. Its own reserves are perilously close …