There has been a significant reduction of 1675 billion Pakistani rupees in Pakistan's overall debt during a one-month period, reflecting improved financial conditions. According to experts, this decrease in total debt attributed to administrative measures, especially those aimed at curbing ...

JPMorgan's September investor survey has identified Argentina, Pakistan, and Kenya as the nations most at risk of facing a sovereign debt default. Among these countries, Argentina's economic situation is particularly concerning, as its reserves are currently in the negative. On the other hand, ...

The State Bank of Pakistan has released details of the loans taken by the government in the past year. According to the State Bank of Pakistan, in August 2023, the government borrowed 2.218 trillion rupees, and this loan taken in August is 3.6% higher compared to July of the current year. ...

In August 2023, the total public debt of the federal government surged by 29 percent compared to the same month in the previous year, according to monthly data released by the State Bank of Pakistan (SBP). The debt stock rose to Rs. 63.996 trillion in August 2023, up from Rs. 49.572 trillion in ...

The series of increases in the value of the rupee against the dollar continues. The dollar reached its lowest level in a month, trading at 291.76 rupees in the interbank market, while in the open market, it dropped to a minimum of 293.50 rupees. According to State Bank, the US dollar became ...

Due to the ongoing financial crisis, the national airline PIA (Pakistan International Airlines) has incurred monthly losses of up to 12 billion rupees. According to sources, the Ministry of Finance has refused to bear the interest and losses on PIA's loans. PIA has borrowed 26 billion rupees from ...

SBP Governor Jameel Ahmad announced on Thursday that Pakistan's total external financing requirement for the fiscal year FY24 amounts to $24.6 billion, encompassing interest payments of $3.4 billion and principal repayments of $21 billion. Nonetheless, Governor Ahmad noted that a substantial ...

According to a recent survey conducted by Bloomberg, Pakistan, often regarded as South Asia's economically fragile nation, has found itself among the top three countries facing the highest susceptibility to a looming debt crisis. Bloomberg's comprehensive debt vulnerability index, encompassing a ...

The federal government's accumulated debt has surged to nearly Rs60 trillion, with the primary cause being extensive borrowing from both domestic and foreign sources to address the fiscal deficit. According to data from the State Bank of Pakistan (SBP), the government's total debt has witnessed a ...

Moody’s Investors Service (Moody’s) has downgraded the Government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1. Moody’s has also downgraded the rating for the senior unsecured MTN programme to (P)Caa3 from (P)Caa1. Concurrently, ...