(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 …
Read More »Pakistan spends 85% of Revenue collection in debt servicing
(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 …
Read More »Pakistan’s debt liabilities cross Rs.50 trillion
(By Shahbaz Rana) For the first time ever, Pakistan’s total debt and liabilities have crossed Rs50.5 trillion, an addition of Rs20.7 trillion under the current government alone, revealed the official figures released on Wednesday. The State Bank of Pakistan (SBP) released …
Read More »Elite privilege consumes $17.4 billion of Pakistan’s economy
By Asad Hashim (13 Apr 2021): Economic privileges accorded to Pakistan’s elite groups, including the corporate sector, feudal landlords, the political class and the country’s powerful military, add up to an estimated $17.4bn, or roughly 6 percent of the country’s economy, …
Read More »Pakistan Debt – Implosion: 2025
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 …
Read More »How micro-finance banks profiting of the poor?
(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 …
Read More »Pakistan’s foreign loans surge by 45% in five months
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 …
Read More »Debt cancellation for poor countries; PM’s 10-point agenda
(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 …
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