Debt – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Mon, 21 Jan 2019 12:19:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 Unsecured debt hits record high in the UK http://www.pakistaneconomist.com/2019/01/07/unsecured-debt-hits-record-high-in-the-uk/ http://www.pakistaneconomist.com/2019/01/07/unsecured-debt-hits-record-high-in-the-uk/#respond Mon, 07 Jan 2019 10:14:12 +0000 http://www.pakistaneconomist.com/?p=24251 According to TUC analysis of ONS figures, unsecured debt in the UK has reached a new record level of £15,400 per household. The TUC general secretary, Frances O’Grady, said: “Household debt is at crisis level. Years of austerity and wage stagnation has pushed millions of families deep into the red.” Total unsecured debt in the country is now at …

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Over 100 Million Americans Have Auto Loans http://www.pakistaneconomist.com/2019/01/07/over-100-million-americans-have-auto-loans/ http://www.pakistaneconomist.com/2019/01/07/over-100-million-americans-have-auto-loans/#respond Mon, 07 Jan 2019 09:58:18 +0000 http://www.pakistaneconomist.com/?p=24243 America’s mountain of car loan debt is getting higher. A Finder analysis of Federal Reserve Bank of New York data found that Americans accumulated $568.6 billion in auto loans by the end of 2017. Last year, the average amount borrowed for a new car was $31,099 or $515 a month while a used car required a loan of $21,375, …

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Poverty alleviation, human development ought to progress http://www.pakistaneconomist.com/2019/01/07/poverty-alleviation-human-development-ought-to-progress/ http://www.pakistaneconomist.com/2019/01/07/poverty-alleviation-human-development-ought-to-progress/#respond Sun, 06 Jan 2019 19:55:05 +0000 http://www.pakistaneconomist.com/?p=24188 Prime Minister Imran Khan has claimed in his several speeches that his government is committed to alleviate poverty and rehabilitate the weak and poor sections of the society. Present government must take practical steps for supporting the poor and reducing their vulnerability in 2019. The government should create conditions for the development of insurance markets, …

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Prioritising in times of Crisis (Facts & Figures) http://www.pakistaneconomist.com/2018/12/03/prioritising-in-times-of-crisis-fact-sheet/ http://www.pakistaneconomist.com/2018/12/03/prioritising-in-times-of-crisis-fact-sheet/#respond Sun, 02 Dec 2018 19:46:19 +0000 http://www.pakistaneconomist.com/?p=22887 Pakistan’s external debt servicing (Principal + Interest) (Million US$) Description FY – 17 FY – 18 Principal Interest Total Principal Interest Total A. Public debt (1+2+3) 5,127 1,400 6,526 4,191 1,787 5,977 1. Government debt 5,127 1,227 6,354 4,105 1,555 5,660 2. From IMF 0 86 86 86 128 214 3. Foreign exchange liabilities 0 …

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Bail out by IMF or plunging Pakistan deeper into debt trap http://www.pakistaneconomist.com/2018/10/15/bail-out-by-imf-or-plunging-pakistan-deeper-into-debt-trap/ http://www.pakistaneconomist.com/2018/10/15/bail-out-by-imf-or-plunging-pakistan-deeper-into-debt-trap/#respond Sun, 14 Oct 2018 19:53:58 +0000 http://www.pakistaneconomist.com/?p=21480 The critics of Prime Minister Imran Khan are firing all sorts of shots at him. The biggest blame is that the person who didn’t want to approach International Monetary Fund (IMF) has conveniently bowed down rather than making an effort to live without the crutched of lender of last resort. Khan has been critical of …

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Pakistan is at a crossroads: 7pc economic growth has become mandatory http://www.pakistaneconomist.com/2018/09/10/pakistan-is-at-a-crossroads-7pc-economic-growth-has-become-mandatory/ http://www.pakistaneconomist.com/2018/09/10/pakistan-is-at-a-crossroads-7pc-economic-growth-has-become-mandatory/#respond Sun, 09 Sep 2018 20:04:29 +0000 http://www.pakistaneconomist.com/?p=20282 Having undergone a whopping trade deficit of over $38 billion and spooky current account deficit of $18 billion, Pakistan must take outright measures to curtail import to the maximum failing to which the economic woes could cripple every sector of the economy of Pakistan. Drastic steps might lead Pakistan to over 7 percent economic growth …

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Priorities of new Govt to reshape economy http://www.pakistaneconomist.com/2018/09/10/priorities-of-new-govt-to-reshape-economy/ http://www.pakistaneconomist.com/2018/09/10/priorities-of-new-govt-to-reshape-economy/#respond Sun, 09 Sep 2018 19:58:32 +0000 http://www.pakistaneconomist.com/?p=20297 Pakistan is currently facing a foreign exchange crisis where boosting exports on a sustainable basis should remain the prime focus of the new government. New government has inherited not so strong economy, high budget deficit, high debt profile and frustration among young voters looking for a change. The checklist is long, but there are four …

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National fund for Pakistan and likely partaking http://www.pakistaneconomist.com/2018/09/03/national-fund-for-pakistan-and-likely-partaking/ http://www.pakistaneconomist.com/2018/09/03/national-fund-for-pakistan-and-likely-partaking/#respond Sun, 02 Sep 2018 20:01:09 +0000 http://www.pakistaneconomist.com/?p=19847 The continuing economic downturn in Pakistan with a debt servicing projections at $31.3 billion until 2022-23 calls for immediate measures. Inevitable steps are required about dwindling exports, burgeoning imports, ballooning twin deficits and exceeding debt liabilities. The Finance Minister divulged on the floor of the parliament that Pakistan needs $9 billion for which strategies must …

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Turkey’s lira crisis: ‘economic war’ sees Erdoğan look east for new allies http://www.pakistaneconomist.com/2018/08/13/turkeys-lira-crisis-economic-war-sees-erdogan-look-east-for-new-allies/ http://www.pakistaneconomist.com/2018/08/13/turkeys-lira-crisis-economic-war-sees-erdogan-look-east-for-new-allies/#respond Sun, 12 Aug 2018 19:04:36 +0000 http://www.pakistaneconomist.com/?p=19067 Global markets are on edge once again, this time thanks to the Turkish lira. It crashed more than 15% against the US dollar, euro and pound sterling on August 10 and continued to fall when markets reopened after the weekend on August 13. The latest trigger was Donald Trump’s announcement that he would double import …

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Some people trapped in ‘modern slavery’ are underworked – and they pay a heavy price for it http://www.pakistaneconomist.com/2018/07/23/some-people-trapped-in-modern-slavery-are-underworked-and-they-pay-a-heavy-price-for-it/ http://www.pakistaneconomist.com/2018/07/23/some-people-trapped-in-modern-slavery-are-underworked-and-they-pay-a-heavy-price-for-it/#respond Sun, 22 Jul 2018 19:01:24 +0000 http://www.pakistaneconomist.com/?p=18405 People trapped in modern slavery situations endure terrible conditions, threats to their safety, and limits on their freedom. Yet sometimes, they actually do less work than they really want to. It may sound unlikely, but as a business model of exploitation, it has its own warped logic. The term “modern slavery” usually describes the very …

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