Pakistan’s Debt Soars as Citizens Shoulder Rs318,000 Each, EPBD Report Warns Islamabad – Every Pakistani now carries a personal share of debt totaling Rs318,252, more than triple the Rs90,047 burden recorded a decade ago, according to a recent report by the Economic Policy and Budgetary Desk (EPBD). The report highlights that the national debt has […]
Global Debt Soars by $21 Trillion, Nears $338 Trillion Mark The world’s total debt surged by more than $21 trillion in the first half of this year, climbing to a record $337.7 trillion, according to a new report by the Institute of International Finance (IIF). The sharp rise, the IIF noted, is comparable to the […]
Pakistan Signs Rs1.275 Trillion Deal to Settle Circular Debt ISLAMABAD – Pakistan has taken a major step to tackle its longstanding circular debt in the power sector, signing a Rs1.275 trillion financing agreement with commercial banks. The signing ceremony was held at the Prime Minister’s Office (PMO) in Islamabad, while Prime Minister Shehbaz Sharif joined virtually […]
Artemis Faces Investor Scrutiny Over High Debt Amid Puma Stake Moves Paris – Artemis, the holding company of the Pinault family that controls luxury giant Kering, has drawn fresh attention from investors over the high levels of debt it has taken on while expanding into luxury, arts, and entertainment ventures. A spokesperson for Artemis, the […]
Pakistan Aims to Reduce Debt, Curb Inflation, and Boost Growth by 2028 ISLAMABAD – The Finance Ministry has unveiled ambitious plans to ease Pakistan’s debt burden, control inflation, and stimulate economic growth over the next five years. According to the Medium-Term Debt Strategy, the government aims to reduce public debt from the current 66 percent […]
Pakistan Plans to Extend Debt Maturity Periods to Ease Financing Pressure Officials have revealed a new plan to extend the average maturity period of Pakistan’s debt in an effort to reduce future financing needs. Under the proposal, the average maturity of domestic debt will increase from the current 3 years and 8 months to 52 […]
The plan for 2025 sovereign debt issuance would be a sharp increase from this year’s 1 trillion yuan and comes as Beijing moves to soften the blow from an expected increase in U.S. tariffs on Chinese imports when Donald Trump takes office in January. The proceeds will be targeted at boosting consumption via subsidy programmes, […]
As of October, the total debt stood at Rs 69.114 trillion, up from Rs 64.810 trillion in February, according to the documents available. The domestic debt rose by Rs 4,556 billion during the period, while foreign debt decreased by Rs 251 billion. As a result, the domestic debt stood at Rs 47.231 trillion as of […]
