However, it called upon the government to use IMF loan for achieving sustainable development of the economy and evolve a new strategy to rid the country of foreign debts
as Pakistan would never be able to achieve long-term economic growth without getting rid of debts burden.
Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Thursday criticised the joint declaration of the opposition - which gathered a day earlier on a multiparty moot to devise a joint strategy against the government - for opposing the recently-formed inquiry commission to probe the utilisation of foreign debts
in the past decade.
A commission is proposed to be set up to probe 'a massive rise in foreign debts
and misuse of loans, if any, during the last decade.' The proposed composition of the commission however indicates that the focus would be on investigating the 'misuse' of funds rather than reviewing policies responsible for the 'massive' surge in external debts.
Carpio, however, disputed the claim, saying the Philippines declared a moratorium on its foreign debt
repayments in 1983 because the central bank did not have enough foreign exchange to pay its foreign debts
But, I think, currently three problems have acquired immense importance and, therefore, need immediate attention by the present government These three problems are: population bomb, water shortage and foreign debts
CAIRO, Feb 5 (KUNA) -- Egypt's Central Bank said Tuesday the country's foreign debts
increased to around USD 93.1 billion at end of September 2018, growing by 0.5 percent, or USD 500 million, than June same year.
The Central Bank of Iran (CBI) announced last Monday that Tehran's total foreign debts
reduced by 9 percent in the first six months of the current Iranian year (March 21 -- September 21), showing a significant slump as compared to the same period last year.
Before January 2011, the volume of foreign debts
reached $36bn, and reserves $36bn as well.
ISLAMABAD -- Patron-in-chief of Pakistan Hindu Council Dr Ramesh Kumar Vankwani, in order to get rid of heavy foreign debts
, has proposed to adopt a transparent mechanism for open auction of all property under the Evacuee Trust Property Board (ETPB).
Iran's foreign debts
has increased by $412 million during the one-month period to Feb.
FILE: CBE bank CAIRO - 2 January 2018: Egypt has paid around $30 billion of its financial commitments and foreign debts
during 2017 and is committed to paying more than $12 billion in 2018, according to an official source at the Central Bank of Egypt.
It marked the lowest level since the fourth quarter of 2006 when short-term foreign debts
hit $113.7 billion.