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ISLAMABAD:
Pakistan received $9.7 billion in foreign loans, or a little over half of the annual estimate, in the first nine months of the current fiscal year, as the government could not convince the international credit rating agencies to upgrade the country’s junk rating.
The current fiscal year may end without any major issuance…
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ISLAMABAD:
An independent think tank has criticised the State Bank of Pakistan (SBP) for its role in implementing fiscal expansionary policies by indirectly providing loans to the federal government, a move that has rendered the International Monetary Fund (IMF)-guided changes in the central bank law ineffective.
In its report titled “Pakistan Economic Freedom Audit:…
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Pakistan is under a mountain of debts, we are eating & drinking by taking loans: PM Shehbaz Sharif
ISLAMABAD (92 News) - Prime Minister Shehbaz Sharif has said that Pakistan is under a mountain of debts and they are eating and drinking by taking loans.
Addressing a ‘Tax Excellence Awards’ ceremony on Tuesday, he…
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ISLAMABAD:
Pakistan received foreign loans of less than $9.5 billion during the first eight months of the current fiscal year and also faced problems in securing fresh loans from its two largest multilateral lenders.
Overall disbursements from foreign creditors slowed down during the July-February period of the current fiscal year despite Pakistan having the…
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ISLAMABAD:
Prime Minister Shehbaz Sharif has asked friendly countries that Pakistan needs the injection of critical investment in different projects, instead of loans that add to its debt burden, to rejuvenate the faltering economy.
Addressing members of the cabinet at a meeting last week, the premier appreciated the Special Investment Facilitation Council (SIFC), observing…
" WASHINGTON: The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel’s US chip-making facilities, marking the Biden administration’s largest funding announcement yet as it tackles China’s dominance of the crucial technology.
President Joe Biden’s decision to make the announcement during a trip to Arizona underscores his strategy of…