Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
In its latest report "International Debt Report 2022, Updated International Debt Statistics," the World Bank said that the total external debt stocks were at USD 130.433 billion by 2021.
According to The Express Tribune citing Optimus Capital Management, Pakistan is scheduled to pay the foreign debt and bear debt servicing costs worth USD 26.3 billion over the 12-month period (November to October).
Pakistan’s Finance Minister Ishaq Dar on Saturday said that China and Saudi Arabia will be providing USD 13 billion financial package to Islamabad. Islamabad: Pakistan’s Finance Minister Ishaq Dar on Saturday said that China and Saudi Arabia will be providing USD 13 billion financial package to Islamabad. China and Saudi...
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Sitharaman said cryptocurrency may be regulated in all countries because no single country can succeed individually being in a silo and trying to regulate the crypto assets.
Following the global rating agencies Moody's and Fitch downgrading Pakistan's credit rating in recent weeks, Islamabad's risk of default spiked to a 13-year high of 52.8 per cent.
Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa.
Islamabad [Pakistan], October 13 (ANI): Inflation in Pakistan is expected to reach around 20 per cent in FY23, the International Monetary Fund (IMF) stated in its latest report and added that stubborn higher inflation would likely be seen in the south-Asian country, Dawn reported.