Tag Archives: Debt

Pakistan seeks billions of dollars in new loans after floods | The Express Tribune

Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the nation’s economic crisis, the Financial Times reported on Wednesday. “We are not asking for any kind of measure [such as] a rescheduling or a moratorium,” the country’s Prime Minister Shehbaz Sharif told the Financial …

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Pakistan seeks rescheduling of $27b bilateral debt: Dar | The Express Tribune

WASHINGTON: Finance Minister Ishaq Dar told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring. In an interview, Dar ruled out the possibility of a default on Pakistan’s debt, an …

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‘IMF should issue new reserves to help countries tackle crises’ | The Express Tribune

WASHINGTON: The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping health, food, energy and inflation crises, 140 civil society groups said in a letter to the IMF’s board on Thursday. IMF officials in July said a fresh issuance of …

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