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    debt

    Leaping debt costs add to govt’s borrowing in May

    by Newsdesk-Top NewsUK NewsJune 23, 2022June 23, 2022

    Michal Stelmach, an economist at KPMG UK, said Sunak’s attempts to fix the public finances were slowing after he bumped up his support for households last month…reports Asian Lite News…

    42 nations caught in China’s $843 bn debt trap

    by Newsdesk-Top NewsChinaSeptember 30, 2021September 30, 2021

    These debts are systematically underreported to the World Bank’s Debtor Reporting System…reports Sanjeev Sharma Forty-two countries now have levels of public debt exposure to China in excess of 10 per…

    8% surge in Pak public debt in 11 months

    by Newsdesk-Top NewsPakistanJuly 8, 2021July 8, 2021

    The central bank data on Monday (July 5) revealed that Pakistan’s public debt had increased by Rs 2.89 trillion or 8.23 per cent in 11 months of the fiscal year…reports…

    China Provides No Debt Relief To Pakistan

    by Newsdesk-Top NewsAsia NewsChinaMay 31, 2021May 31, 2021

    Media reports suggest that China has refused to budge on Islamabad’s request to renegotiate the power purchase agreements, reports Asian Lite News Bankrupt Pakistan’s debt problems seem to be escalating…

    How China lends to trap developing countries

    by Newsdesk-Top NewsAsia NewsChinaApril 9, 2021April 9, 2021

    Beijing’s lending spree offers growth to developing countries only to leave them saddled with unsustainable debt while increasing their dependency on China, reports Asian Lite News “Crisis is an opportunity…

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