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PAKISTAN DEFAULT
Pakistan budget raises defence spending, squeezes development to meet IMF goalsFinance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- When good news is compelling newsIn a remarkable display of camaraderie at sea, a Pakistan Navy vessel came to the rescue of the stranded Indian cargo ship, MV Gautam, in t...
- Is Pakistan’s grey gamble sinking in the Strait?Fresh clashes between the US and Iran near the Strait of Hormuz have cast doubt on Pakistan’s role as a mediator in the crisis. While Donal...
- Mohsin Naqvi-led Pakistan cricket's money mess deepens as PCB sends legal notice to PSL teamsPakistan cricket is in financial trouble. The Pakistan Cricket Board is sending legal notices to partners for billions in unpaid dues. Mean...
- Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
- Pakistan, ‘strangled’ by economic strain, steps up Iran peace pushPakistan's economy is struggling due to the US-Israel war on Iran. Rising fuel costs and rolling blackouts are devastating businesses. Cons...
- iOS 26.4.1 update released: What’s new features & specifications, compatible devices, should you update? Here are all answersiOS 26.4.1 update features: Apple has released iOS 26.4.1, a crucial update that silently resolves a significant CloudKit sync issue. This ...
- Time is running out for Pakistan to convince IMF to release loanTime is running out for Pakistan to convince the International Monetary Fund to release the remaining USD 2.2 billion from its bailout prog...
- Pakistan may turn to China for bailout as deadlock persists over IMF programme: ReportPakistan is considering asking its ally, China, to help revive its struggling economy if the International Monetary Fund (IMF) fails to rev...
- Pakistan needs to pay USD 77.5 billion in external debt; risk of default 'real', says US think tankPakistan is awaiting a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund, originally due...
- Fitch downgrades cash-strapped Pakistan's Issuer Default Rating to CCC-Fitch typically does not assign outlooks to sovereigns with a rating of CCC+ and below. Its downgrade comes after S&P Global in December cu...
- Pakistan banks on Saudi Arabia to avoid defaultTwice in the past three months, Dar had said that Saudi Arabia would give $3 billion cash -- the second bailout in the past one year. It is...
- Pakistan averts default; pays USD 1 billion Sukuk bond before scheduleThe country's foreign exchange reserves have depleted to a critically low level of USD 7.5 billion at present due to the repayment of matur...
- Pakistan's default risk spikes; CDS index spikes 4.2%Pakistans risk of default, measured through the five-year currency default swap (CDS) index, spiked 4.2 percentage points to a new high at ...
- Explainer: How bad is Pakistan's economic condition right now?The IMF programme was meant to stabilise an economy that has been in a tailspin for months. The nuclear-armed country has suffered from ext...
- Cash-strapped Pakistan imposes PKR 30 bn as additional taxes to prevent default on oil and gas paymentsThe decision was taken at a special meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by the Finance Minist...
- Pakistan finance minister warns of default if fuel subsidies not abolishedPakistan will default if the government does not abolish the subsidies on petroleum products, Finance Minister Miftah Ismail has said, warn...
- Pakistan has to return $3 billion to Saudi Arabia within one year: Finance MinisterThe oil-rich Kingdom earlier provided $3 billion in cash deposits and extended a $3 billion oil facility in 2018, but Pakistan had to retur...
- How Pakistan is affected by Greece defaultPakistan will have to share a slice of the burden in the case of a 'permanent default' of Greece — a possibility though not entirely unlike...
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