IMF mission to visit Pakistan from 11 to 15 November
The International Monetary Fund (IMF) mission, led by Nathan Porter, will visit Pakistan from November 11 to 15. During its visit, the mission will evaluate Pakistan’s progress on the $7 billion loan approved in September, which included a first tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.03
Global debt hits record high of $315 trillion: Report
Global debt has reached $315 trillion. According to a report by the global organisation Visual Capital, the global debt has risen to 370% of the total GDP, with a 21% increase in debt from 2020 to 2024. The report states that this is the highest rate of debt increase in
Bank borrowings hit Rs6.2 tr in just 10 months
WEB DESK: Pakistan’s government surpassed its treasury bills auction target, raising Rs640 billion on Wednesday, while simultaneously reducing the cut-off yields for various tenors by up to 49 basis points. Despite a target of Rs450 billion, the overwhelming response saw bids totaling over Rs1.8 trillion, indicating investors’ preference for risk-free
