United Nations, April 24, 2020: An important United Nations forum Thursday called for addressing the debt burden threatening the economic collapse of coronavirus-hit developing countries, as UN leaders underlined the call by Pakistan Prime Minister Imran Khan for a global initiative for debt relief. The Financing for Development (FfD) Forum of the United Nations Economic…
Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…
Responding to the opposition’s claim of obtaining domestic loans worth Rs 7000 billion or Rs 10,000 billion during the first year of PTI government, Hammad Azhar said the figures were highly exaggerated. Islamabad, June 28, 2019: Minister of State for Revenue Hammad Azhar said on Friday that the Pakistan Tehreek-i-Insaaf (PTI) led government had retired…