By Khurram Hussain (09 Nov 23): WHAT China wants from Pakistan is the same as what China wants from every other country, which is to endlessly run a trade surplus in their favor. There might be a few specific things …
Read More »Pakistan eyes $600m Chinese loans
Shahbaz Rana (08 Nov 23): Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a big financing gap and also bets on successful completion of International Monetary Fund (IMF) talks for improvement in its credit …
Read More »Inflation forces people of Pakistan into debt cycle, sale of assets
(18 Sept 2023): Growing up in a Pakistani household, lessons in `saving something for a rainy day` are inculcated into children from a young age. These savings could be in the form of cash or assets, like gold. For every …
Read More »Is Pakistan poised for default ?
By Khurram Husain (14 June 23): WITH dangerously low foreign exchange reserves and a steep debt repayment schedule looming for fiscal year 2024 that begins in July, Pakistan is facing a stark prospect of potential default or even a larger balance …
Read More »Pakistan’s debt from China becomes burden as CPEC does not generate enough growth
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). …
Read More »Deal-or-default; Is it endgame for Pakistan?
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. …
Read More »IMF shareholders deeply divided over Pakistan request to suspend loan surcharges
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 …
Read More »Creditors asked to drop Pakistan debt to save the flood-hit population
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. …
Read More »Double penalty for Pakistan drowning into floods and debts
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 …
Read More »Pakistan : Regime Change, Political Turmoil and Deepening Debt Crisis
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 began …
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