Pakistan's humungous internal borrowings push it towards a double debt crisis

Sep 06, 2024

Pakistan currently finds itself in a double-edged debt trap. The entire budget of the country goes into domestic and foreign debt servicing, which consumes...

Pakistan to repay foreign debt, old dues

Dec 03, 2022

According to The Express Tribune citing Optimus Capital Management, Pakistan is scheduled to pay the foreign debt and bear debt servicing costs worth USD...

Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payments

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its...

Amid worsening economic crisis, Pakistan's debt surges by PKR 4,304 billion

Dec 17, 2024

The domestic debt rose by PKR 4,556 billion during the period, while foreign debt decreased by PKR 251 billion, according to ARY News.

Pakistan forex reserves decline by over USD 2 bln

Aug 12, 2022

Karachi [Pakistan], August 12 : As Pakistan's economy continues to remain in doldrums, the country's foreign exchange reserves declined by over USD 2 billion...

Pakistan's economic condition continues to deteriorate due to 'deep debt'

May 27, 2022

Islamabad [Pakistan], May 27 : Pakistan is one of the fifty-two countries facing a severe debt crisis and the repayment and servicing of external...