Debt Justice

Abdul Khaliq (May 15, 2023): Since 2013, Pakistan’s historical relationship with China has taken a geopolitical role through the launch of China-led infrastructure connectivity project the China Pakistan Economic Corridor (CPEC), a key part of the Belt Road Initiative (BRI). …

By Abdul Khaliq  (3 February 23): The IMF mission is currently in Pakistan on 10-day long visit to discuss the stalled ninth review of the country’s current funding programme. The loan talks revived after govt finally bows to IMF command. …

WASHINGTON: (12 Dec 22) The International Monetary Fund’s executive board on  discussed the surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid quickly, but failed to agree to launch a formal review. Argentina, Pakistan …

LAHORE: (14 October 22) “Caused by the climate crisis, Pakistan’s devastating floods have left a third of the country underwater and displaced 33 million people.  But this year alone, the country will make $18 billion in debt repayments to foreign lenders. …

By Abdul Khaliq (5 September 22) Pakistan’s devastating floods have so far, killed over 1200 people, including 450 children, since 14 June 22, displaced around 33 million and eroded livelihoods with the loss of an estimated one million livestock. In …

  By Abdul Khaliq (3 May 2022) Pakistan has plunged into a major political crisis after the removal of Prime Minister Imran Khan on 10 April 22, through a successful no-confidence motion against the PTI govt. The month-long political crisis …

This submission to the Independent Expert on Foreign Debt and Human Rights comes at a crucial juncture in Pakistan’s socio-political and economic history. In 2018 after the general elections no single party could gain an overall parliamentary majority, resulting in …

 31 Jan 2022 (by Abdul Khaliq): As the IMF executive board met on January 28 to decide on Pakistan`s request for the revival of $6bn Extended Fund Facility (EFF), the government remained optimistic having fulfilled all the five conditions imposed …

(By CADTM-Pakistan) Pakistan is one of the 52 countries facing severe debt crisis. Most critical problem faced by the country’s economy is repayment and servicing of external debt. Persistent borrowing creates a spiral with more borrowing generating economic crisis waiting …

(By Mehtab Haider) Pakistan’s net revenue receipts will only meet debt servicing requirements during the current fiscal year 2021-22 so the country’s defense, development, subsidies, running of civil government including salaries and pensions of the federal government will be paid …