Desperate call for debt relief
Last week, Prime Minister Imran Khan once again urged the global community, particularly financial organisations, to offer debt suspension and relief to help developing nations recover from the crisis triggered…
External financing requirements
This article is in response to the well-documented and well-written article on Ensuring External Stability by the Deputy Governor of the SBP in a recent issue of this newspaper. He…
Financing of external payments
The outstanding external debt of Pakistan crossed the century mark early this year. It stands as of the end of March 2019 at $105.8 billion, according to the figures released…
Rise in federal govt debt
The SBP has released the number on the stock of Federal Government debt as of the end of November 2020. This debt now stands at Rs 35.8 trillion compared to…
Debt trap
Over the past 32 months, the PTI government has spent Rs10 trillion more than the government’s income. That’s the budgetary deficit. The budgetary deficit was filled by high cost loans.…
The prime minister of debt
Say the word U-turn in any political discussion and everyone immediately knows who is being referred to. That is how integral the word has become to Imran Khan’s identity. Whenever…
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.…
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…
