Tag Archives: debt

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), expressed significant concern on Friday about the world’s weakest medium-term growth prospects in decades, projecting global growth at just over 3%. Georgieva highlighted several interrelated challenges impeding economic progress, including high debt levels, economic fragmentation, and the complexities involved in navigating digital and green transitions. She warned that a low …

Despite concerns about Pakistan’s growing debt, the interim government has approved a $300 million loan from the Asian Development Bank (ADB) to improve tax compliance. This move has raised questions about whether such objectives could be achieved through efficient tax collection methods rather than borrowing. The Central Development Working Party (CDWP) cleared four development projects worth Rs126.2 billion during its …

Introduction: The Pakistan government has outlined a major plan to restructure and revive the financially strained Pakistan International Airlines (PIA) under a public-private partnership model. The plan involves transferring assets and liabilities to a new holding company, selling shares in the international market, and streamlining operations to address the national carrier’s debt and losses. Key Plan Details: Under the PIA …