Debt crisis

Why CPEC has failed to deliver even after eight years of existence

China’s loans to Pakistan have grown manifold in the last 10 years. In June 2013, China’s loans to Pakistan stood…

2 years ago

Trust deficit between Pakistan govt and industry captains widens ahead of budget

Trust deficit between the Shehbaz Sharif government and Pakistan’s business community is widening. For cash starved Pakistan, which is expecting…

2 years ago

Pakistan has ‘technically’ defaulted with loan rollovers

Pakistan, which is going through its worst economic crisis with a repayment liability of $73 billion by 2025, would need…

2 years ago

Pakistan’s forex reserves drop to 8 year-low level

Pakistan’s foreign exchange reserves held by its central bank has fallen by $294 million in a week to $5.821 billion…

2 years ago

Pakistan’s economic crisis deepens amid growing political turmoil

Pakistan’s economic crisis is deepening amid rising political and security uncertainty. Though the country managed to avert a default earlier…

2 years ago

Will IMF loans to Pakistan continue after cut in fuel prices?

As Pakistan drastically slashed fuel prices, what will the International Monetary Fund's (IMF) stand on the ongoing loan programme? Will…

2 years ago

Broke Pakistan may seek big bro China’s help on debt bail-out

As Pakistan’s foreign exchange reserves held by its central bank fell to $6.7 billion during the week that ended December…

2 years ago

Pakistan’s economy still in ICU with forex level at record low

Pakistan’s exit from the Financial Action Task Force’s (FATF) grey list has brought little cheer to the country’s economic managers…

2 years ago

IMF approves $1bn to Pakistan but will Imran Khan be able to bring in more reform measures amid rising inflation

<p> <strong>Much to the relief of Pakistan Prime Minister Imran Khan, the International Monetary Fund (IMF) approved disbursement of $1…

3 years ago

China’s heavily leveraged banks in trouble after government launches debt clean-up drive

<p> <strong>As China rolls out frantic measures to clean up bad debts in its local governments and their financing arms…

3 years ago

Sri Lanka averts international loan default but citizens are not happy

<p> <strong>Amid intense scrutiny and fast deteriorating economic situation, Sri Lanka averted a default repaying $500 million international sovereign bond…

3 years ago

As external debt repayment deadlines inches closer, all eyes on Sri Lanka– will it restructure part of its debt?

<p> <strong>Will Sri Lanka restructure its albatross-like external debt? After the country’s foreign exchange reserves dipped to $1.6 billion in…

3 years ago

Can broke Sri Lanka repay $500 million loan by mid-Jan deadline?

<p> <strong>Cash starved Sri Lanka with its dwindling foreign exchange reserves, has said that it will not default as a…

3 years ago

Many Sri Lankans keen to relocate to other countries as Colombo stares are bankruptcy

<p> <strong>As the economic crisis deepens in Sri Lanka pushing the island nation on the brink of bankruptcy, scores of…

3 years ago

With its external debt in free fall is Pakistan’s economy beyond repair?

<p> <strong>Pakistan’s external debt is steadily rising. The Express Tribune said that “like its predecessor, the PTI (Pakistan Tehreek-e-Insaf) government…

3 years ago

China slashes its financial commitment to Africa: Instead of $60 bn pledged earlier, Xi cuts it to $40 bn

<p> <strong>China has drastically reduced its financing commitment to Africa. In the recently held China-Africa forum, Chinese President Xi Jinping…

3 years ago

China’s consumption driven growth story may derail as people have much less to spend

<p> Even as household debt in China grew at a steady pace—it rose from 51.5 per cent in January 2019…

3 years ago

Pakistan’s financial woes rise as it sinks deeper into debt

<p> Pakistan’s Prime Minister Imran Khan ‘s economic challenges could increase with the shortened public debt maturity profile in the…

3 years ago