Debt Justice

By Dr. Farrukh Saleem (21 March 2021): Interest payments as a percentage of FBR taxes: In 2017, a mere four years ago, Pakistan’s total debt payment amounted to 39 percent of FBR taxes. Today, our total debt payment consumes 75 percent …

(By Kazim Alam) MARYAM Bibi has taken agricultural loans eight times in as many years from dif ferent microfinance banks (MFBs).Her first loan was of Rs12,000, which she paid back on time and qualified for a bigger one in the …

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 …

(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. …

  (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 …

  (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 …

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 …

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, …

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 …

(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 …