Debt Justice

  (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 …

(26 August 20) The government paid $11.895 billion in external public debt servicing during 201920, data released by the State Bank of Pakistan (SBP) showed. The amount was 23 per cent higher than $9.645bn paid in 2018-19. The data showed that the …

THE total stock of domestic debt and liabilities of the government that stood at Rs17 trillion in June 2018 swelled to Rs21.2tr in June 2019. It rose to Rs23.5tr at the end of April this year, according to the State …

By Shahid Javed Burki (27 May 2020): Pakistan has a debt problem. It owes the world much more than the amount it can afford to pay without hurting its medium- and long-term economic and social prospects. Some of what is …

(25 May 2020) : Ambassadors from over 22 countries, representing developing and developed countries from all regions, held a first round of consultations on Prime Minister Imran Khan’s global initiative for debt relief at their virtual meeting in New York …