Debt default

Explainer: What is the fuss about US debt ceiling?Explainer: What is the fuss about US debt ceiling?

Explainer: What is the fuss about US debt ceiling?

With just a week left for the US to come to an agreement over raising its debt ceiling, uncertainty has…

2 years ago
Pakistan’s political turmoil will further impact inflow of foreign loansPakistan’s political turmoil will further impact inflow of foreign loans

Pakistan’s political turmoil will further impact inflow of foreign loans

The ongoing political turmoil in Pakistan will make it even more difficult for the Shehbaz Sharif government to secure the…

2 years ago
Embattled Pakistan assures repayment of debt but facts show otherwiseEmbattled Pakistan assures repayment of debt but facts show otherwise

Embattled Pakistan assures repayment of debt but facts show otherwise

Time is running out for Pakistan as the deadline to repay $3.7 billion inches closer. The country’s Finance Minister Ishaq…

2 years ago
Is US economy in ICU after lawmakers fail to raise life-saving debt ceiling?Is US economy in ICU after lawmakers fail to raise life-saving debt ceiling?

Is US economy in ICU after lawmakers fail to raise life-saving debt ceiling?

The spotlight is on Washington. Will it manage to avert a debt default? If the debt ceiling – the maximum…

2 years ago
Pakistan grinds its teeth as IMF reads out the riot orderPakistan grinds its teeth as IMF reads out the riot order

Pakistan grinds its teeth as IMF reads out the riot order

Cash starved Pakistan, which is currently in talks with the International Monetary Fund (IMF) for resumption of the $6.5 billion…

2 years ago
Cash starved Pakistan bows to IMF conditions, approves new tax on powerCash starved Pakistan bows to IMF conditions, approves new tax on power

Cash starved Pakistan bows to IMF conditions, approves new tax on power

Staring at bankruptcy, Pakistan has finally agreed to the stringent conditions of the International Monetary Fund (IMF) for the much…

2 years ago
Staring at default, will Pakistan go for debt restructuring kicking and screaming?Staring at default, will Pakistan go for debt restructuring kicking and screaming?

Staring at default, will Pakistan go for debt restructuring kicking and screaming?

After Sri Lanka, will Pakistan be the second South Asian nation to participate in the debt restructuring exercise? Amid deepening…

2 years ago
Pakistan on tenterhooks as talks with IMF go down to the wirePakistan on tenterhooks as talks with IMF go down to the wire

Pakistan on tenterhooks as talks with IMF go down to the wire

Worries for Pakistan have risen as the ongoing ninth review of the loan package under the Extended Fund Facility of…

2 years ago
Pakistan has ‘technically’ defaulted with loan rolloversPakistan has ‘technically’ defaulted with loan rollovers

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
Will Saudi Arabia’s assistance to Pakistan resolve its knotty economic issue?Will Saudi Arabia’s assistance to Pakistan resolve its knotty economic issue?

Will Saudi Arabia’s assistance to Pakistan resolve its knotty economic issue?

The news that Saudi Arabia is ready to provide assistance to cash starved Pakistan has made headlines. But policymakers’ worries…

2 years ago
Pakistan on tenterhooks as Saudi Arabia keeps mum on critical $3 bn loanPakistan on tenterhooks as Saudi Arabia keeps mum on critical $3 bn loan

Pakistan on tenterhooks as Saudi Arabia keeps mum on critical $3 bn loan

Pakistan, which will have to make a repayment of $1 billion by next week to avoid a default, is desperately…

2 years ago
Is debt-ridden Pakistan set to kowtow before the IMF as 2023 begins?Is debt-ridden Pakistan set to kowtow before the IMF as 2023 begins?

Is debt-ridden Pakistan set to kowtow before the IMF as 2023 begins?

After severely criticising the International Monetary Fund (IMF) for setting stringent riders for the $7 billion loan package under the…

2 years ago
Can cash-strapped Pakistan repay a hefty $8.3 billion debt by March?Can cash-strapped Pakistan repay a hefty $8.3 billion debt by March?

Can cash-strapped Pakistan repay a hefty $8.3 billion debt by March?

Pakistan will step into the new year with uncertainty. Come January, Islamabad will be required to make repayments of $1…

2 years ago
China’s BRI debt adds to its brewing economic crisisChina’s BRI debt adds to its brewing economic crisis

China’s BRI debt adds to its brewing economic crisis

Amid slowing economy driven by the Russia-Ukraine war and a surge in Covid cases in China, its high debt to…

2 years ago
Pakistan’s forex kitty close to nilPakistan’s forex kitty close to nil

Pakistan’s forex kitty close to nil

Pakistan’s foreign exchange reserves at $6.72 billion – lowest in almost four years -- mostly comprises borrowed money from other…

2 years ago