As 'Chequebook Diplomacy' fails, China turns from generous investor to tough enforcer

Feb 24, 2023

China is chasing down unpaid debts, complicating Beijing's broader aspirations of extending its influence and forging new relationships through economic deals.

Pakistan Railways directs officials to recover outstanding dues from federal, provincial depts

Dec 16, 2023

In a recent decision, Pakistan Railways has directed its personnel to begin the process of collecting unpaid debts from federal and provincial agencies for...

Surge in Pakistan's circular debt continues, CPEC dues cross PKR 220 billion

Sep 06, 2022

Islamabad [Pakistan], September 6 : Despite the payment of PKR 50 billion for the CPEC power project in June by the government, the piling...

Pakistan's rising debts, decreasing exchange reserves raise concern

Jul 14, 2022

Islamabad [Pakistan], July 14 : Pakistan is in economic turmoil as its foreign debts are rising while foreign exchange reserves are decreasing.

Pakistan's all-powerful military to determine Imran Khan's fate

Feb 15, 2022

Islamabad [Pakistan], February 16 : Pakistan has been in turmoil politically and economically amid rallies and movements to ouster Imran Khan and rising inflation...

Unpaid power bills obstruct Chinese funding of Pakistan's power projects

Nov 21, 2022

China on Monday conveyed to Pakistan that huge unpaid power bills are forcing the drying up of Chinese funding to other Pak power projects.