Saturday, December 2, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Floods Don’t Shake Pakistan Debt Obligation

Putriyana by Putriyana
1 year ago
in Asia News
Pakistan Debt Obligation

Pakistan Debt Obligation

RelatedArticle

Vegetable Prices Plunged Amid Deflation in China

Profit of China’s Industrial Sector Increased

Chinese E-Commerce Reach Records Sales During Black Friday

China’s Going to Raise Oil Demand Next Year

After the catastrophic floods, Pakistan announced that the country will not default on debt obligation. In the middle of September, the finance minister of Pakistan signaled no major deviation from reforms for the struggling economy. Although the floods affected 33 million Pakistanis and caused billions of dollars of damage, Pakistan will not default. Based on Reuters, the Finance Minister, Miftah Ismail said that stability is challenging due to the environment, and yet remains challenging due to the situation. However, he added that the country continues to decide not to default.

After many months of delay, Pakistan could finally bring the International Monetary Fund Programme bank on their track. The success was from the tough policy decisions. However, there was a positive sentiment shortly before the disaster occured. The Finance Ministry urged that although the disaster brought severe damage, policy’s stabilization and targets are still under control. This includes the wellness in the foreign exchange reserves. Despite the influx of $1.12bn in IMF funding, central bank reserves could still stand at $8.6bn. This is only sufficient for a month of imports.

He confidently argued that Pakistan could still be able to increase reserves by more than $4bn. The flood was indeed attacking the current account balance in imports such as cotton, the country still has hopes. But this is to note that he also estimates the deficit will not improve by more than $2bn due to the disaster. Thus, he added that there have indeed been many losses to the very poorest people, their lives are at stake, they could never go back as a whole again. Hence, in terms of external and local debt, macroeconomic stability is still under control.

Tags: Debtdebt obligationdefaultPakistan flood
Putriyana

Putriyana

Related Posts

Vegetable Prices Plunged Amid Deflation in China

by D. Atika
November 30, 2023

China's economy is showing signs of abnormality, with vegetable prices recently falling amid deflation concerns. At this rate, the economy,...

Read more

Profit of China’s Industrial Sector Increased

by D. Atika
November 27, 2023

In October 2023, corporate profit in China's industrial sector increased 2.7% year-on-year, Xinhua Network,  reported on the 27th. Based on...

Read more

Chinese E-Commerce Reach Records Sales During Black Friday

by D. Atika
November 27, 2023

Chinese online shopping platforms are benefiting from overseas markets such as the U.S. for Black Friday, a massive discount event,the...

Read more

China’s Going to Raise Oil Demand Next Year

by D. Atika
November 23, 2023

China, the world's largest oil importer, is expected to increase oil demand by around 4% in the first half of...

Read more
Load More
Next Post

Biden Faces Inflation Ahead of Midterm Elections

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • Forex Trading in Malaysia: How to Do It Legally

    0 shares
    Share 0 Tweet 0
  • Austrian Signa Group Filed for Bankruptcy

    0 shares
    Share 0 Tweet 0
  • Why You Should Not Buy a House

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In