Tag Archives: debt

Sindh, NAB, mega money laundering, Islamabad

Inquiry of Rs24,000bn debt completed for the first time in country’s hist...

05 May, 2020 2:30 pm 2:30 pm

ISLAMABAD (92 News) – An investigation into a debt of Rs 24,000 billion has been completed for the first time in the country’s history on Thursday. According to the details garnered, the debt inquiry commission submitted its report to Prime Minister (PM) Imran Khan. The inquiry report also sounded alarm for both the opposition parties … Read More

highest level Dollar US dollar history Pakistani rupee interbank investment debtdollar US dollar KSe PSX pakistan Stock Exchange KSEinterbank US dollar dollar paisa open market

US dollar reaches the highest level in history against Pakistani Rupee

03 March, 2020 12:18 pm 12:18 pm

KARACHI (92 News) – The US dollar continued its impressive run against the Pakistani Rupee as the dollar value increased by Rs0.87 at interbank reaching the highest level in history at Rs168 on Friday. The value of the US dollar has been rising against PKR for the past four days, USD rose to Rs162 after … Read More

Omar Ayub, announces, withdraw, capacity, charges, circular, debt

Omar Ayub announces withdrawal of capacity charges on circular debt

09 September, 2019 8:48 pm 8:48 pm

ISLAMABAD (92 News) – Federal Minister for Power and Petroleum Omar Ayub Khan has announced to withdraw the capacity charges on the circular debt. Addressing a press conference on Monday, he said that the previous government burdened the IPPs with extra expenditures and for this reasons the IPPs moved the court. “Pakistan suffered a great … Read More

Debt, increase, petrol, price, raised, PM, Imran Khan, Sharifs, NRO, gas

Debt would increase if petrol price not raised, says PM Imran Khan

05 May, 2019 8:46 pm 8:46 pm

ISLAMABAD (92 News) – Prime Minister Imran Khan has said that the debt would increase if the petrol price was not raised. Speaking at the 23rd Foundation Day of the PTI, he said that they had received deficit of Rs19 billion in the current account. “The PPP, the PML-N had not left the canals of … Read More

Govt decides to pay back Rs 50 billion in circular debt: sources

09 September, 2018 1:52 pm 1:52 pm

ISLAMABAD (92 News) – The federal government on Thursday decided to immediately pay back Rs50 billion in circular debt. According to the sources of the Finance Ministry, the decision has been taken after independent power producers (IPP) threatened that they will suspend power generation. They said that the phase-wise payment will be initiated from Monday … Read More

Greece gets debt relief from euro zone

06 June, 2018 10:26 am 10:26 am

LUXEMBOURG (Reuters) – Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet after it exits its bailout in August. Greece has been living primarily on money borrowed from euro … Read More