Tag Archives: debt

[ad_1] KARACHI: Eminent industrialists have expressed serious concern about the ballooning debt burden of the country without any consistent economic policy, saying the government should work to promote local brands instead of asking for loans. They urged the newly elected government to work seriously and sincerely in the larger interest …

[ad_1] ISLAMABAD: The Pakistan International Airline Holding Company board on Wednesday approved the restructuring of the airline’s Rs268 billion commercial debt, incorporating it into the public debt. The term sheet was finalised by the Ministry of Finance with commercial banks. The government’s decision to merge the airline’s debt into public …

[ad_1] Vedanta says deleveraging is its priority. The financial year 2025 maturities of $1,100 million and close to $750 million of interest servicing will be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, …

[ad_1] ISLAMABAD: China has agreed to rollover a $2 billion debt on existing terms after initially seeking a hike in price, as Pakistan’s policy to maintain foreign exchange reserves through deposits by three countries is becoming costly due to a 118% surge in interest cost. The Ministry of Finance officials …

[ad_1] NEW DELHI: Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafone Idea plans to raise around Rs 45,000 crore through …

[ad_1] ISLAMABAD: Pakistan received a little over $9 billion in foreign loans during the first seven months of the current fiscal year, an amount that was barely enough to meet its financing needs and could not take foreign exchange reserves into double digits. The Economic Affairs Division on Friday reported …

[ad_1] ISLAMABAD: Pakistan’s total debt and liabilities have peaked at Rs81.2 trillion – a figure that grew at a faster pace of over 27% during the past year, posing emergent management challenges to the newly elected government. The bulletin released by the State Bank of Pakistan (SBP) on Monday showed …

[ad_1] ISLAMABAD: The government and commercial banks have agreed on a Rs268 billion debt restructuring plan for Pakistan International Airlines (PIA). This move, while shifting the burden of PIA’s inefficiency onto taxpayers, removes an irritant in its privatisation. The Ministry of Finance, abandoning its previous stance of not incorporating PIA …

[ad_1] ISLAMABAD: The International Monetary Fund said on Saturday that Pakistan’s economy has stabilised but warned that serious risks have emerged to Islamabad’s debt sustainability and its ability to pay back the IMF loans. The caretaker government has managed to maintain economic stability on the back of decisive policy efforts, …

[ad_1] KARACHI: The central bank has reported that Pakistan has to pay $27.47 billion in foreign debt and interest cost over one year till the end of November 2024 and arrangements have already been made to pay a large proportion of the debt under the IMF loan programme. Talking to …