A representative image of a transmission tower, also known as an electricity pylon. — AFP/File Current defaulters owe Rs1,094tr to nightclubs. Companies adding 50 billion rupees per month to circularize the debt. 10 to 15% recovery achieved via overcharging each year. ISLAMABAD: Amid the government’s efforts to improve the country’s economic indicators, it has been … Read more
SBP Governor Jameel Ahmad addresses a press conference in this undated photo. — AFP/File Ahmed says the country’s actual external debt stands at over $100.08 billion. “Controlling external accounts to pave the way for economic growth.” The SBP governor expects remittances to exceed $35 billion this year. KARACHI: State Bank of Pakistan (SBP) Governor Jameel … Read more
People cover up to stay warm during thick early morning fog at the fruit wholesale market on the outskirts of Peshawar, January 9, 2024. — Reuters The debt-to-GDP ratio is expected to gradually decline. External factors, such as the exchange rate, impact debt sustainability. Contingent liabilities remain a significant risk to debt dynamics. ISLAMABAD: The … Read more
Gold bars are seen at the Austrian gold and silver separation plant “Oegussa” in Vienna, Austria, March 18, 2016. — Reuters To help provide debt relief to low-income countries devastated by climate-related disasters, the International Monetary Fund (IMF) should sell 4% of its gold, study suggests, as climate finance dominates first discussions of the COP29 … Read more