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Pakistan has decided to intensify efforts for debt restructuring and relief amid growing economic challenges because of the Covid-19 pandemic. Foreign Minister Shah Mehmood Qureshi presided over a consultative session on the economic impact of the contagion at the Foreign …

Pakistan has decided to intensify efforts for debt restructuring and relief amid growing economic challenges because of the Covid-19 pandemic, reports daily Dawn on Monday. Foreign Minister Shah Mehmood Qureshi, presided over a consultative session on the economic impact of …

(30 March 2020) United Nations Conference on Trade and Development (UNCDAT) has called for $2.5 trillion coronavirus crisis package for developing countries including $1 trillion debt cancellation. Here is the summary of the UNCTAD proposal: First, a $1 trillion liquidity injection; a …

ISLAMABAD: (18 March 2020) Prime Minister Imran Khan has said he fears the new coronavirus will devastate the economies of developing nations, and urged richer economies to get ready to write off the debts of the world`s poorer countries. In …

(3 Feb 2020) With around 40% increase in Pakistan`s public debt and liabilities in 15 months, the government on Friday conceded major violations of the Fiscal Responsibility and Debt Limitation Act (FRDLA) for massively exceeding debt acquisition limits. In its …

November 27, 2019 NEW YORK: Wall Street hedge funds and lawyers have turned an arcane procedure of international treaties into a money machine, at the cost of the world’s poorest people. The latest shakedown is a $5.9 billion award against …

(By Syed Abdul Khaliq) 12 May 2019 – The Pakistan economy is in severe crisis. The newly formed government of Pakistan Tehrik-e-Insaaf (PTI) has been trying hard to convince the people that it was serious to divorce the debt dependency. …

https://www.opendemocracy.net/en/oureconomy/imf-and-world-bank-have-lost-all-legitimacy-we-need-new-alternatives/? Syed Abdul Khaliq (10 April 2019) This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The views expressed are those of the author’s only, and are not necessarily representative …

“Renowned economist Utsa Patnaik, in her recent research on the fiscal relations between British Raj and Colonial India, has tried to answer an important question, the people of subcontinent are likely to be interested to know”………………………………….. –When renowned economist Utsa …

ISLAMABAD: Pakistan will pay $40 billion to China in 20 years in shape of repayments of debt and dividends on a $26.5 billion investment under flagship China-Pakistan Economic Corridor (CPEC), documents of the Ministry of Planning and Development reveal. Out of …