The estimated $15 billion borrowings will be the highest loans to be taken by the country in a single year, highlighting the challenges that the government faces due to the deepening debt trap.
Pakistan plans to raise $1.5bln in Eurobonds, officials say
Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, two government officials said on Friday. With the country’s fiscal …
Pakistan, China agree to enhance mutual cooperation in various sectors of economy
Pakistan and China have agreed to enhance mutual cooperation and partnership in various sectors of the economy. This understanding was reached during a meeting between Chinese Ambassador Yao Jing and …
‘Pakistan Remains An Epicentre Of Global Terrorism’: India On Explosive UN Report
Following a report submitted to the UN that says that there are 6,500 Pakistanis among other foreign terrorist fighters in Afghanistan, India has responded.
Pakistan acknowledged US support in three critical issues for the country
Pakistan acknowledged US support in three critical issues for the country.* *Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh has said …
Turns out cash-strapped Pakistan government will use coronavirus aid to pay bills
The cash-strapped Pakistan government, a few days ago, planned to seek USD 2 billion in new foreign loans from the global financial bodies to respond to the coronavirus crisis. The loans that Pakistan …
Indonesia raises 24.35 trln rupiah from debt auction, above target
Indonesia raised 24.35 trillion rupiah ($1.69 billion) from a bond auction on Tuesday, above the 20 trillion rupiah indicative target, the finance ministry said. JAKARTA, June 2 (Reuters) – Indonesia …
Indonesia bonds, rupiah jump as yield-hungry investors return
Rupiah hits 12-week high, 10yr yield hits 12-week low. Dollar weakness drives search for yield – analyst. Writes through, addin …
Indonesia imposes tariffs on some textile imports until 2022
Indonesia has imposed tariffs on imports of some textile products for the period until November 2022, according to a finance ministry regulation, in a bid to protect local producers from a surge of …
Nissan to close two plants amid financial struggle from pandemic
Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the …