The Pakistan government has neither requested nor held any discussions to go on an International Monetary Fund (IMF) programme. Gerry… Read More
China Slams False Reports and Says Pakistan Never Asked for More Loans
China, on Wednesday, rejected a report about Islamabad approaching Beijing for more loans to keep the multi-billion dollar China-Pakistan Economic… Read More
Pakistan Asks China for More Loans to Avoid Foreign Currency Crisis
Pakistan has asked China to keep lending it money to prevent a foreign currency crisis, warning that Beijing’s planned $60bn… Read More
Pakistan Received $5.9 Billion in Loans & Grants During the Past 6 Months
Pakistan government received a budget assistance of $5.895 billion from multilateral and bilateral donors in the first half (July-December) of… Read More
Banks Aren’t Lending Money to Govt Due to Low Policy Rate
Hoping for a rise in State Bank of Pakistan’s (SBP) policy rate, banks are holding back their money and are… Read More
Govt Has Borrowed $7.9 Billion from Foreign Banks Since June 2013
The government has procured $7.9 billion in commercial loans from foreign banks from June 2013 to date at a considerably… Read More
World Bank Approves $825 Million Loan Package for Pakistan
The World Bank approved a package of $825 million on Tuesday to improve the national power transmission system in Pakistan and… Read More
Govt to Borrow $3 Billion Through Sukuk & Eurobonds
The government is set to borrow $3 billion from international debt markets as country’s outstanding payments continue to grow. The… Read More
Pakistan’s Foreign Debt Will Soon Cross a Staggering $75 Billion
Pakistan’s loan situation has steadily grown worse over the course of the last year as government has continued to take… Read More