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The quagmire of local-law domestic debt restructuring

With collaboration from an investment professional. As is widely understood, Pakistan is facing the dual dilemma of foreign debt servicing that has placed her foreign exchange reserves under significant pressure,…

Does Pakistan need domestic debt restructuring?

There is growing consensus over the need for debt restructuring within the policymaking community. However, many analysts are casually selling the idea of domestic debt restructuring without fully recognizing the…

In sickness and in debt: right to health

Muhammad Boota, a domestic worker in Lahore, requires an insulin injection every 10 days to help manage his diabetes. But just one of these injections costs about one-third of his…

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…

German budget row prises open debt brake debate

Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment trumps an earlier political obsession with fiscal…

No more gas circular debt buildup?

Gas price rationalization is a big reform undertaken by the caretaker government in view of the fact that in the past successive political governments failed to implement it. Increases in…

Private savings, govt dissaving: debt

Savings by an individual/householder or a government have different objectives and constraints and while a healthy savings account maybe a desired goal for a householder yet it is not always…