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NEW DELHI, Oct 25: Pakistan's public debt reached $286 billion by FY25, rising 13% from the previous year and deemed "unsustainable," according to a Maldives Insight report. The debt-to-GDP ratio climbed to 70%, while the fiscal deficit stood at $25.2 billion, largely financed through domestic borrowing. Domestic debt accounts for $194 billion, up 15%, and external debt rose to $92.5 billion. Interest payments increased 9% year-on-year, limiting development spending. Multilateral loans make up ...Read More >
A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
New Delhi: Chief of Defence Staff Gen Anil Chauhan has warned of a possible strategic convergence between China, Pakistan, and Bangladesh -- a development, he said, could carry serious long-term implications for India's security and regional stability. Speaking at the launch of the Observer Research Foundation's Foreign Policy Survey, Gen Chauhan flagged the shifting geopolitical order and called for sharper assessments of evolving alignments across South Asia. He stressed that India's strategi ...Read More >
New Delhi, Jul 1 (PTI) Bangladesh made its single largest payment of USD 437 million in June, clearing pending dues, including carrying costs, and issues related to the power purchase agreement, reaffirming the Indian conglomerate's asset as a reliable and cost-competitive power source for meeting the country's growing energy needs, sources said. Bangladesh is now regular in payments. Additionally, an LC (Letter of Credit) worth about two months of billing and sovereign guarantee for all dues a ...Read More >
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