Nations where 3.3bn live spend more on debt than health, schools
Almost half of humanity lives in countries that spend more servicing interest on debt than health or education, UN says. Published On 13 Jul 2023 Approximately 3.3 billion people – […]
America’s wars and the US debt crisis
May 24,2023 – JORDAN TIMES / Jeffrey D. Sachs In the year 2000, the US government debt was $3.5 trillion, equal to 35 per cent of the Gross Domestic Product […]
Standing on its own feet
Standing on its own feet Mansoor Hassan Khan Published May 11, 2023 LISTEN TO ARTICLE1x1.2×1.5x ACCORDING to the Economic Affairs Division (EAD), as of June 30, 2022, the total external public debt of […]
Pakistan edges closer to debt default as inflation, political turmoil and unrest collide
Pakistan’s economy is facing total collapse – will it go the same way as Sri Lanka? ByJoe Wallen, SOUTH ASIA CORRESPONDENT13 February 2023 • The morning news updates on the television […]
Why do we go to the IMF?
Shahid Mehmood Published September 23, 2022 LISTEN TO ARTICLE1x1.2×1.5x THE resumption of the IMF package, that was badly needed to avert an external payments crisis, has reignited passions. As most countrymen wrestle with the question of whether or not the Fund is a tool of neocolonialism to keep countries like Pakistan sedated and subservient, […]
Pakistan. Analysis. Are more loans the answer to Pakistan’s ’empty coffers’?
Analysis: Are more loans the answer to Pakistan’s ‘empty coffers’? Shahid Iqbal Published October 25, 2022 FINANCE Minister Ishaq Dar seems to have run out of steam ever since he returned from […]
The US inflation bonanza for sovereign debtors
Oct 11,2022 – JORDAN TIMES / Project Syndicate By Gautam Nair and Federico Sturzenegger CAMBRIDGE — As developing countries confront a new era of elevated inflation, rising interest rates, a […]
Pakistan. Debt deferment ?
Debt deferment Editorial Published September 26, 2022 PAKISTAN is seeking deferment of its bilateral debt of nearly $10bn for a few years, which, if approved by the wealthy Paris Club creditors, will save it $1.1bn in loan repayments this fiscal year. That will ease pressure on the nation’s dwindling foreign exchange reserves, […]
Road to Nowhere. Debts Mount with China’s Prestigious Silk Road Project
Road to Nowhere Debts Mount with China’s Prestigious Silk Road Project Chinese leader Xi Jinping is hoping to create new markets for his country and establish his legacy with the […]
Another global recession?
May 25,2022 – JORDAN TIMES / Jim O’Neill LONDON — At the start of the year, I expressed concerns about the outlook for financial markets, owing to all the considerable uncertainties that I could identify, and to the many other potential risks that were not yet clear. This was after […]
A troubled start
A troubled start Maleeha Lodhi Published April 25, 2022 – AS anticipated, the Shehbaz Sharif government has faced many obstacles since it assumed power. Several impediments have been placed in the way […]
Sri Lanka debt default has begun, says rating agency
bbc.com Sri Lanka is about to default on its debts, two of the world’s largest credit rating agencies have warned. Fitch Ratings lowered its assessment of the South Asian nation, […]
The exemplary young Companions: Leniency towards debtors and paying off others’ debts
14th May 2021 Rahmatullah Khan Shakir (1901-2000), Former Assistant Editor and Manager of Al Fazl Leniency and favour towards debtors is a great moral value. Islam emphasises it particularly and the Companionsra would take great care in this regard. Forgiving the debt of a destitute Muslim Hazrat Abu Qatadahra was a young companion […]
American soft coup against Iraqi people
Politics December 31, 2020 – TEHRAN TIMES TEHRAN – Iran has agreed to resume gas exports to neighboring Iraq, thereby saving Iraq from a widespread power outage. The agreement to […]
Imran Khan’s Predicament
US aid cut has hit Pakistan badly. Can the new Prime Minister rescue Pakistan? Pathikrit Payne 2018-09-09 In a major diplomatic statement after becoming the Prime Minister of Pakistan, Imran Khan […]
Imran Khan ropes in foreign experts to rebuild Pakistan’s economy
PTI/Islamabad Filed on September 3, 2018 (Reuters) Pakistan’s current account deficit stands at $18 billion. Pakistan Prime Minister Imran Khan has roped in some renowned foreign economists in the […]
Riyadh to host meet on Jordan economy support
Cash-strapped Jordan is struggling to curb its debt Published: 13:29 June 9, 2018 AFP Riyadh: Saudi Arabia, the UAE, Kuwait and Jordan will meet Sunday to discuss ways […]
Jordan: ‘Zakat Fund paid JD200,000 to free 386 indebted women in 2017’
Initiative to remain in place throughout 2018 By Ahmed Bani Mustafa – Dec 28,2017 – JORDAN TIMES AMMAN — The Zakat Fund paid JD200,000 for the release of 386 women who were imprisoned after failing to pay back their loans in 2017, an official said on Thursday. The release came […]
Lebanon’s economic dependence on Saudi Arabia is dangerous
By Hannes Baumann December 7 2017 Lebanese President Michel Aoun, right, speaks with Prime Minister Saad Hariri at the presidential palace Tuesday in Baabda, east of Beirut. (Dalati Nohra/Lebanese government/AP) […]
More Evidence Supporting the House of Debt (book review)
AUGUST 8, 2014 BY ATIF MIAN AND AMIR SUFI Economists of all stripes are baffled by continued economic weakness in the United States. The easiest way to see the weakness is to compare where we are in terms of GDP today relative to historical trend growth, something we did in […]