ISLAMABAD: Finance Minister Ishaq Dar has categorically stated that Pakistan will not default and would meet its upcoming bond payments. In a statement, the finance minister said such propaganda for political gains is irresponsible. He said such statements against Pakistan’s economy are against the interest of the country and were being spread for political purposes. … Read more
Finance Minister Ishaq Dar said Pakistan will not default He said default had been averted at a very high political cost He said Pakistan will fulfill all sovereign guarantees for its credibility ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar once again gave a clear message that there was no question of Pakistan … Read more
Sri Lanka, a country in South Asia, made its first financial default in May 2022. Its government was given a deadline of 30 days to pay the unpaid interest of $78 million, but it failed to do so. Which other nations are at risk of default in 2022, which poses an essential question? Here are … Read more
The Intercontinental Exchange (ICE) said on Thursday it would quit clearing credit. Default trades in London one year from now and shift the movement to Chicago. ICE, which runs the New York Stock Exchange and a subordinates exchanging stage London, says it clears around 95% of all CDS across the world. Contracts which protect against … Read more
Crypto Hedge three Arrows was unable to satisfy the demands of its lenders for more money. Global investors are selling off speculative assets as the world’s economy is weakening. Su Zhu and Kyle Davies were known for making leveraged bets on the value of cryptocurrencies. Three Arrows Capital defaulted on a $670m loan. Voyager Digital … Read more
Russia missed a $100 million payment that was due on Sunday. Sanctions prevented Russia from delivering the money to its international creditors. The scenario has been referred to as “a farce” by Russia’s finance minister. After missing a crucial deadline, it’s thought that Russia has defaulted on its debt for the first time since 1998. … Read more
WASHINGTON: US senators struck a deal on Tuesday to create a one-time law, allowing Democrats to lift the nation’s borrowing authority and avert a catastrophic credit default without requiring votes from the opposition Republicans. The House of Representatives approved the fix in an evening vote and it is expected to be approved by the Senate in … Read more
