Pakistan Revenue
Karachi, August 17, 2023 – Pakistan financial challenges have deepened as its total debt and liabilities surged by 29 percent, reaching a staggering Rs77 trillion in the fiscal year 2022-23, which concluded on June 30.
Continue Reading
KARACHI: Pakistan’s external debt sharply increased by 38 per cent to PKR 20.69 trillion by end of January 2023 when compared with the debt a year ago, according to data released by the central bank on Tuesday.
Continue Reading
ISLAMABAD: Pakistan and Saudi Fund for Development (SFD) have signed debt service suspension agreements amounting $846 million, a statement said on Thursday. The agreements have been signed under the G-20 Debt Service Suspension Initiative (DSSI) Framework. Nawaf bin Saeed Al-Malkiy, Ambassador of the Kingdom of Saudi Arabia to Pakistan witnessed the signing ceremony held in […]
Continue Reading
ISLAMABAD: The ministry of finance on Thursday said that Pakistan’s debt-to-GDP ratio has increased by 1.7 per cent during the pandemic as against an increase in global average of 13 per cent. Responding to some media reports regarding the increase in public debt during the last three years, the statement said that a better way […]
Continue Reading
ISLAMABAD: On the directives of Prime Minister Imran Khan, the Cabinet Division on Friday constituted a commission to probe significant accumulation of debt by Rs24,156 during 10 years. The commission will conduct forensic and special audit to investigate the matter. Hussain Asghar has been nominated as chairman of the commission. The commission will conclude its […]
Continue Reading