Pakistan International Airlines debt now rests on taxpayers shoulders

Feb 02, 2024

Islamabad: The government and banks have decided on a plan to restructure PIA's debt, totalling Rs268 billion. The Ministry of Finance, which initially didn't...

Pakistan: Shehbaz Sharif govt haunted by circular debt crisis

Apr 12, 2022

Islamabad [Pakistan], April 12 : The new Prime Minister of Pakistan is under tremendous pressure due to surging oil prices caused by the Russia-Ukraine...

Chinese 'debt trap' adds to Sri Lanka, Pakistan crises

Apr 06, 2022

Tel Aviv [Israel], April 7 : The ongoing crisis in Sri Lanka and Pakistan, fueled by the economic mismanagement by the incumbent governments, has...

Pakistan to seek debt restructuring of CPEC power projects

May 01, 2021

Islamabad [Pakistan], May 1 : Islamabad is set to seek debt restructuring of USD 3 billion for the China-Pakistan Economic Corridor (CPEC) energy projects...

IMF calls for quick agreement between Zambia, creditors on debt restructuring

Jun 15, 2022

Zambia [Zimbabwe], June 16 (ANI/Xinhua): The International Monetary Fund (IMF) on Wednesday called for a quick agreement between Zambia and its creditors on debt...

Pakistan's public debt surges to Rs 40.3 trillion by end of October

Dec 07, 2021

Karachi [Pakistan], December 7 : Pakistan's public debt increased by 4 per cent at the end of October 2021, the central bank data showed...