By Khaleeq Kiani (18 December 2020) Pakistan`s foreign loan inflows have jumped by almost 45 per cent to about $4.5 billion in first five months (July-November) of the current fiscal year as compared to the corresponding period in the last fiscal. With the …
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Debt cancellation for poor countries; PM presents 10-point agenda at UN
(04 December 2020) Addressing the special session of UN General Assembly on the Covid-19 pandemic, Pakistan’s Prime Minister Imran Khan presented a 10-point agenda for urgent action, underlining the measures the international community needs to take to defeat the Covid-19 pandemic. …
Read More »Pakistan’s mounting debt level – Should we need to be alarmed?
(By Ali Salman) In November 2016, the federal government was in a happy mood. Pakistan had successfully graduated from an International Monetary Fund (IMF) program. China-Pakistan Economic Corridor (CPEC) investments were looking good and gross domestic product (GDP) growth …
Read More »Pakistan signs 27 debt rescheduling agreements with 16 countries of G20
(22 Nov 2020) Pakistan has so far secured $800 million worth of debt freeze deals from 14 members of the richest club of G-20 countries, as it still awaits ratification by remaining six countries including Saudi Arabia and Japan …
Read More »CADTM denounces the G20
At the time of the WB-IMF annual assemblies held from 12 to 18 October 2020, the G20 Finance Ministers met on Wednesday 14 October to decide on new debt relief measures for the countries of the South. The G20 proved …
Read More »Demonstration for the cancellation of Debts 16, Oct 2020, Lahore
Debt Cancellation for Pakistan: Open letter to Prime Minister Imran Khan
(16 Oct 2020) Dear Prime Minister! Bourgeoning Debt has turned Pakistan upside down: Committee for the Abolition of Illegitimate Debts (CADTM) International is a network of progressive organizations, individuals and concerned citizens in 27 countries of the world including …
Read More »Comprehensive sovereign debt relief must follow debt suspension phase
By Abdul Khaliq (September 2020) The indicators of a severe debt crisis were already present in Pakistan long before the Covid-19 crisis hit. The pandemic has merely served as a detonator of a structural crisis. After years of a neo-liberal offensive, …
Read More »Urgent debt relief needed as Pakistan faces perfect debt trap
By Abdul Khaliq (9 September 2020): The indicators of a severe debt crisis were already present in Pakistan long before the Covid-19 crisis hit. The pandemic has merely served as a detonator of a structural crisis. After years of being under …
Read More »Pakistan’s External Debt Surges to $ 113 billion
(27 August 2020) Pakistan’s external debt and liabilities mushroomed to nearly $113 billion at the end of June this year, an addition of $17.6 billion or 18.5% in the past two years, reported the State Bank of Pakistan (SBP) on …
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