• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Pakistan working with friendly countries to restructure loans: Ishaq Dar

by Irsa
June 10, 2023
in Business
Reading Time: 1 min read
Pakistan working with friendly countries to restructure loans: Ishaq Dar
Share on FacebookShare on Twitter

Finance Minister Ishaq Dar stated that the coalition government is in talks with friendly countries to restructure loans as the crisis-hit economy struggles to recoup bailout monies.

In his remarks to the National Assembly on the deficit budget, the Minister stated that the federal government is working on debt restructuring and sovereign deposits, which will be rolled over in the near future.

A PML-N stalwart believed that if a government borrowed money, it should have returned it and that restructuring was not undesirable. Dar expressed optimism about improving financial flow, noting that the government is trying its best despite several challenges.

The Finance Minister presented an Rs14.5 trillion budget on Friday, with GDP growth projected at 3.5 percent. The entire expenditure for the 2018 fiscal year is Rs14.46 trillion, which is more than 50% higher than last year.

The fifth most populous country is facing a significant balance-of-payments problem, which has severely harmed the economy as it struggles to service crippling external debt, and a political impasse has also blocked possible foreign investment, exacerbating the situation.

Tags: GDPIshaq DarNational assembly
Irsa

Irsa

Related Posts

Today's Exchange Rates of Foreign Currencies in Pakistan

Today’s Exchange Rates of Foreign Currencies in Pakistan

The Pakistani currency exchange rates for different currencies including US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro,...

IMF talks for 2nd tranche of loan likely in October end week

IMF talks for 2nd tranche of loan likely in October end week

The second tranche of the International Monetary Fund (IMF) bailout is expected to be discussed in the last week of...

After the Bridge Pillar Collapse Railway service suspended

After the Bridge Pillar Collapse Railway service suspended

Following the collapse of a pillar on a railway bridge between Shahdara and Masan Kalan, railway authorities have temporarily halted...

What could be the latest petrol price in Pakistan from October 1?

What could be the latest petrol price in Pakistan from October 1?

In a move aimed at providing some relief to the public grappling with soaring inflation, the government is poised to...

Pakistan Stock Exchange Seeks Clarification from PIA on Privatization Plans

Pakistan Stock Exchange Seeks Clarification from PIA on Privatization Plans

The Pakistan Stock Exchange (PSX) has raised concerns and addressed a letter to Pakistan International Airlines (PIA) regarding the issue...

Pakistan Signs Free Trade Deal with Gulf Cooperation Council

Pakistan Signs Free Trade Deal with Gulf Cooperation Council

The Gulf Cooperation Council (GCC) and Pakistan have "initialized" a free trade deal, according to the GCC through messaging platform...

Next Post
Shadab becomes second-youngest cricketer to achieve T20 milestone

Shadab becomes second-youngest cricketer to achieve T20 milestone

Recent Posts

  • World Cup: Pakistani cricketer gets proposal from Indian girl
  • Hamad Bin Khalifa University Offering Fully Funded Scholarships in Qatar for Pakistanis
  • WATCH: Babar Azam-led Green Shirts relish Hyderabadi cuisine
  • ‘Terrorists’ carry out attack in heart of Ankara, Türkiye
  • Apple acknowledges iPhone 15 Overheating Complaints, will issue IOS update to Address the Issue

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk