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US default worries grow

US President Joe Biden and House Republican Speaker Kevin McCarthy plan to meet over the debt ceiling on Monday, with just 10 days before...

What happens if US falls behind on its bills?

WASHINGTON: The US government could fall behind on its bills next month - and even default on its debt - if Congress doesn't raise...

Explainer: Could Biden avert a debt default?

The divided US Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Department warning it...

US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet

WASHINGTON: US President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the...

Bloomberg dismisses Pakistan’s default fears, warns of economic hardship

ISLAMABAD: US-based financial news service, Bloomberg has dismissed reports speculating that Pakistan was heading towards default, warning of economic hardship in near future, ARY...

Qamar Zaman Kaira castigates Imran Khan over ‘default rumours’

LAHORE: Prime Minister's Adviser on Kashmir and Gilgit-Baltistan Qamar Zaman Kaira has lambasted at former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman for ‘spreading...

‘False narrative’: Ishaq Dar assures Pakistan will not default

ISLAMABAD: Finance Minister Ishaq Dar has strongly criticised Pakistan Tehreek-e-Insaf (PTI) for peddling a ‘false narrative’ about the country’s economy, assuring that Pakistan would...

Imran Khan lambasts govt over ‘looming threat of default’

LAHORE: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has strongly criticized the incumbent government over its economic policies as well as...

Ishaq Dar rejects default claims, terms PTI’s tenure ‘darkest period’

LAHORE: Finance Minister Ishaq Dar has categorically rejected claims about default threats to Pakistan, terming Pakistan Tehreek-e-Insaf’s (PTI) tenure as the ‘darkest period’ of...

Ex-FBR Chief Shabbar Zaidi blames Ishaq Dar as default fear looms

Former FBR Chief Shabbar Zaidi said on Monday that the country is going towards a default due to Ishaq Dar's policies, banks have been...

Pakistan’s ‘default risk’ reaches alarming levels, admits Miftah Ismail

KARACHI: Criticising his party-led federal government, Pakistan Muslim League – Nawaz (PML-N) leader and former federal finance minister Miftah Ismail has claimed that Pakistan...

Ishaq Dar rebuffs ‘baseless rumours’ about default, fuel shortage

ISLAMABAD: Finance Minister Ishaq Dar has once again ruled out the possibility of default and shortage of fuel reserves, terming the speculations 'baseless rumours...

Sheikh Rasheed says Pakistan heading towards default

RAWALPINDI: Former interior minister and Awami Muslim League chief Sheikh Rasheed Ahmad on Sunday warned Pakistan is close to default. In his Tweet, Sheikh Rasheed...

Pakistan default fears spike on report of UN debt suspension advice

Pakistan's bonds slumped to just half their face value on Friday after the Financial Times said a United Nations development agency was urging the...
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Let’s Talk: can IMF loan save calamity-hit Pakistan?

Cataclysmic floods push Pakistan back by decades in terms of development, infrastructure and economic stability. Alhamdolillah the IMF Board has approved the revival of our...

Risk of debt default: APTMA demands ‘energy emergency’ in Pakistan

KARACHI: All Pakistan Textile Mills Association (APTMA) has expressed concern over the country's economic situation and demanded the government to impose 'energy emergency' in...

Sheikh Rasheed says political instability heading Pakistan towards default

LAHORE: Former Interior Minister Sheikh Rasheed on Sunday warned that political instability is heading the country towards 'default', ARY News reported. The Awami Muslim League...

‘Default risk’: IMF sets new condition for Pakistan

ISLAMABAD: The International Monetary Fund (IMF) is looking to assess Saudi Arabia’s commitment to financing Pakistan before the global lender disburses fresh funds to...

Russia slides towards default as payment deadline expires

Russia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the...

Default looming: K-Electric to pay almost Rs2.5bn to SSGC

KARACHI: K-Electric Limited, which cuts off connections due to non-receipt of electricity bill, turned out to default on Rs2.5 billion of payables to Sui...
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