ISLAMABAD: Debt servicing is expected to eat up 35 percent of the total budget outlay of Rs8.4 trillion for the next fiscal year announced by Minister for Finance and Revenue Shaukat Tarin on.
Critics of student loan forgiveness say it would benefit the already well-off, since college degrees lead to higher earnings. New research suggests otherwise.
ISLAMABAD: The power sector’s circular debt has reached 5.2 percent of GDP or Rs2.1 trillion till June-end, because of capacity payments on overbuilding of plants, finance minister said on.
KARACHI: American multinational investment bank JP Morgan sees more opportunities in Pakistan’s sovereign credit with caution about challenges related to implementation of IMF’s.
Samarco Mineracao SA, a bankrupt joint venture between Brazilian miner Vale SA and BHP Group Ltd, proposed on Thursday a plan to restructure 50 billion reais ($10 billion) in debt with an offer of preferred shares or a cash payout in 2041 equal to 15% of the current value.