Uganda motorbike taxi driver Charles Ssebale fears his vehicle could be repossessed at any moment, having failed to keep up with his loan repayments after the East African nation imposed…
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing’s latest…
The country is going through a very difficult balance of payment (BoP) situation. The core of the problem is growing external public debt and its repayment. A reduction in current…
Pakistan’s precarious financial situation, persisting for the last many decades, has landed it into a deep debt trap where an overwhelming part of tax revenue is consumed in debt servicing…
Pakistan is facing unprecedented floods of a profoundly catastrophic nature. While 3 million livestock have died in the flood-hit areas, the other mainstay of peoples’ livelihood in the shape of…
The United Nations General Assembly’s (UNGA’s) 77th Session from September 13-27 comes at a very crucial time for Pakistan, as the country suffers from unprecedented floods, while it was already…
A country’s leadership is supposed to serve its economic and security interests, advance people’s wellbeing, and respond to their aspirations for progress. These objectives are achieved with a combination of…
The latest estimate of the stock of public debt of Pakistan by the SBP (State Bank of Pakistan) as of end-March 2022 is a staggering Rs 44.4 trillion. In effect,…
A previous article (Real clear economics, BR, 24 Mar 2022) pointed out that governments of Pakistan have borrowed far more than the people, as ultimate borrowers, can feasibly repay. This…
The public debt of Pakistan consists of the domestic and external debt of the government plus debt owed to the IMF (International Monetary Fund). Table 1 below shows that it…
