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Cancel Asia’s debt

“Apart from containing the virus and dealing with the economic crisis, our biggest worry now is the people dying of hunger," said Imran Khan, prime minister of Pakistan in a…

Cancel the debt

Even before coronavirus started spreading around the world, dozens of developing counties were already close to a debt crisis. Lebanon and Argentina have already defaulted on their debts this year;…

Overcoming debt burden

The newly-elected Prime Minister, Imran Khan, after taking the oath of office, in his maiden address to the nation on August 19, 2018, very rightly observed that the most dreadful…

Debtocracy & enslavement

All indicators show that our economic managers, due to imprudent economic and tax policies, have pushed Pakistan into chronic, unremitting, unceasing debt-enslavement. Debtocracy, a term yet to become part of…

SBP on debt

"...Pakistan, where total debt and liabilities have crossed a whooping Rs 15 trillion. Considering the recent trends, there is zero probability of ever generating sufficient resources to meet this obligation.…

Unbelievable increase in government debt

In the midst of the on-going disruption in the normal functioning of economic transactions following the revenue raising measures introduced in the 2019/20 budget and the continuing confusion and uncertainty…

Surging external debt

The total external debt and liabilities of Pakistan have risen to above $ 106 billion by the end of 2018-19. There was an increase of $11.1 billion during the year.…

Of debt and war

IT is undoubtedly true that Pakistan has been looted and plundered by ruling elites for the best part of its existence, that our collective history would read very differently if…

Debt bear stalks Goldilocks economy

The global economy is enjoying a Goldilocks moment, with growth and inflation neither too hot nor too cold. But a decade after the collapse of the US subprime mortgage market…

The Global Debtocracy

The global debtocracy

The 205 percent increase in Pakistan’s current account deficit over the fiscal year has raised much debate about the alleged ‘economic recovery’ under the Sharif government. Since the deficit has…