A man has Pakistani rupees tickets in a exchange shop in Peshawar, September 12, 2023. – Reuters Public debt increases by 13% during the 2010 financial year, reaching 71.2 Billions of rupees. Govt is missing the debt reduction objectives under FRDLA. The external debt reached $ 88.7 billion in September 2024. Islamabad: Despite progress in … Read more
This undated image shows a view of the electrical network towers. – Reuters / File Restructuring of circular debt to reduce power prices. 16.26 billion dollars of the debt under the restructuring plan. Govt Eyes RS5.1 per relief unit via lending loan. Islamabad: The government has launched efforts to convert circular debt (CD) in the … Read more
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