Debt default

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…

1 year ago

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 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?

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 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 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?

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 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 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?

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 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?

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?

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 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 nil

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

2 years ago