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Pakistan

Pakistan takes more external loan

3 July 2015 - by Aftab Alexander Mughal

In what is an indication of the government’s inability to introduce promised reforms and address bureaucratic snags, Pakistan has so far received only $4.3 billion – 57% of its annual projections – in foreign economic assistance. Failure or delay (...)
Global Week of Action against Debts and IFIs 2014

Pakistan: Anti-debt campaigners slam IFIs role in enhancing poverty and debt crisis

LAHORE: (PR) “The PML-N government (which claims breaking the begging bowl) is blindly adding to the country’s debt. Pakistan’s total public debt has galloped to US $ 149 billion, of which foreign debt is over US $ 65 billion and domestic debt is (...)
Pakistan

Saudi ’gift’ violates pak law

6 April 2014 - by Abdul Khaliq

Foreign aid is not an odd thing, if there are no strings attached. Pakistan has been receiving tied and untied foreign aid; loans, and grants from various donors ever since its birth. However, the recent massive cash grant of $1.5 billion by the (...)
Pakistan: IMF fresh loan, a recipe to ruin

21 December 2013 - by Abdul Khaliq

Pakistan’s public debt has grown over the last six years at a pace never witnessed in the country’s history. Public debt has grown at an average rate of 21.5 percent per annum from 2008 to 2013 against an average rate of 6.6 percent per annum (...)
Cancel Pakistan’s Debt

1 June 2013 - by Jubilee Debt Campaign

Take action for Pakistan The people of Pakistan have suffered from a crippling debt for 40 years. Please sign this petition to the IMF to cancel Pakistan’s debt!
Pakistan: Debt spiral under PPP Govt.

2 November 2012 - by Abdul Khaliq

When PPP government came into power in 2008, the country’s external debt was $45 billion which has now increased to $61.5 billion Although successive governments in Pakistan have been acquiring foreign loans to meet their financial needs and (...)
Pakistan: Parliamentary Body starts probe into Public Debt since 1985

21 September 2012 - by Abdul Khaliq

On 27 July 2012 the ruling PPP and opposition PML-N in Pakistan’s National Assembly, principally agreed to audit the public debt of Pakistan. National Assembly Speaker Dr. Fehmida Mirza approved the formation of the 12-member committee after a (...)
Pakistan Probing for Illegitimate Debt

21 August 2012 - by Madelynne Wager, Mary Donahue

The Pakistan National Assembly reached a historic agreement regarding the need to audit Pakistan’s public debt. Both the ruling Pakistan Peoples Party and the opposition party, Pakistan Muslim League (N), supported the decision to examine the (...)
Pakistan women’s day. Rape victim blaming attitude

9 March 2012 - by Bushra Khaliq

Rape victim blaming has its roots in all societies and causes are surely riddled in the culture. Stigmatization of the rape victim, multiple social and legal inequities and absence of supportive and viable systems enhance the victimization of (...)
CADTM-Pakistan calls for Debt Audit Commission to dig out illegitimate loans

17 October 2011 - by CADTM Pakistan

Stop debt-servicing; divert money for flood affectees & Dengue patients Civil Society members observe Global Week of Action against Debt & IFIs LAHORE: “Debt continues to weigh down Pakistan, preventing it from being able to break out (...)
Why Pakistan says adieu to IMF program?

24 September 2011 - by Abdul Khaliq

Existing $11.3 billion Stand By Agreement (SBA) is 8th program with IMF, going to be ended on a bitter note. Having kept the IMF at arm’s length for over a year now is anything but good news. The government of Pakistan has taken the latest (...)
One year after Pakistan floods: Women continue struggle to rebuild life & livelihood

20 August 2011 - by Bushra Khaliq

One year ago during the month of July/August, the floodwaters that ravaged southern parts of Pakistan have long receded. Though gone are the makeshift tent camps on roadsides revival of normal life and livelihood still remain a challenge. (...)
4^th CADTM South Asia Workshop

Campaign for Abolition of External Debt of Pakistan

10 December 2010 - by Abdul Khaliq

Presentation during the 4th CADTM South Asia Workshop, 9-11 december 2010
Write-offs, rescheduling of loans: Senate asks world to rescue Pakistan’s economy

ISLAMABAD, Nov 2: The Senate on Tuesday unanimously called upon the international community to consider urgent measures for revival of Pakistans economy. Among the initiatives proposed were write-offs and rescheduling of Pakistans debt, market (...)
Farooq Tariq: “The floods have revealed the real nature of poverty in Pakistan”

22 October 2010 - by Stéphanie Jacquemont

An interview with Farooq Tariq, member of CADTM Pakistan, Labour Relief Campaign (LRC) and spokeperson for Labour Party Pakistan (LPP )- Lahore, 11 October 2010. Stéphanie Jacquemont (SJ): The Labour Relief Campaign, which comprises various (...)
Drowning in debt. IFIs should cancel all foreign debts of Pakistan owed to bilateral and multilateral creditors

19 October 2010 - by Abdul Khaliq

Pakistan is facing the worst-ever natural disaster of its history. About 20 million people are displaced due to recent devastation caused by the angry floods. The communication infrastructure has been totally ruined; roads, bridges and railway (...)
Pakistan: Donors urged to write off $53b debt

Islamabad. A large number of people staged a rally here on Thursday with an aim to press international donors to step forward and write off the country’s massive $53 billion debt to guarantee the Pakistani people the ‘right to life’. Carrying (...)
’Pakistan should suspend payments to all creditors’

14 October 2010 - by Hassan Abbas

LAHORE (October 13 2010): Pakistan should suspend its payments of debt to International Monetary Fund and World Bank and to all creditors, said member of the Campaign for Abolition of Third World Debt (CADTM) Stephanie Jacquemont while talking (...)
Pakistan. IMF pressure termed ‘blackmail’: Govt, masses urged to get foreign debts written off

KARACHI, Oct 12: Debt is a powerful tool used by creditors to dominate, exploit and plunder indebted third world countries. It is a major obstacle in the way of people’s sovereignty and their economic, social and cultural rights. This was (...)
Global Anti-debt Week

Pakistan : Campaigners urge debt waiver

LAHORE, Oct 10: The anti-debt campaigners, including a foreign member visiting Pakistan to show solidarity with local activists, on Sunday urged the donor countries as well as international financial institutions to write off all foreign debts (...)
Support CADTM Pakistan and strengthen its campaign for the abolition of Pakistan’s foreign debt

Call for solidarity with the Pakistani people! Make a donation to support CADTM Pakistan and strengthen its campaign for the abolition of Pakistan’s foreign debt Pakistan has recently gone through unprecedented floods which have affected almost (...)
Foreign debt

Pakistan. The only way out

17 September 2010 - by Abdul Khaliq

There are spaces in international laws that can be invoked as legal justification to demand cancellation of debt. Pakistan is facing the worst-ever natural disaster of its history. About 20 million of its population is displaced due to recent (...)
Press release

Pakistan. Political parties call for Pakistan’s foreign debt cancellation, launch anti-debt movement

2 September 2010 - by CADTM Pakistan, Labour Relief Campaign Pakistan

A Multiple Party Conference held in Lahore on 29th August resolved to launch a campaign against repayment of Pakistan’s foreign debts and organize protest rallies across the country. 28 political parties, trade unions, women groups and civil (...)
Floods and Debt: Pakistan under a double penalty

27 August 2010 - by Eric Toussaint, Damien Millet, Sophie Perchellet

Because of torrential rains lasting several days Pakistan is facing one of the worst predicaments in human and material terms for the last 80 years. The damage inflicted is stunning. About 22 million people are affected by the floods. Many (...)
Pakistan: Multi Party Conference against debt repayments

27 August 2010 - by Farooq Tariq

Labour Relief Campaign has called a multi party conference on Sunday 29th August in Lahore. The conference will discuss the issue of repayments of the debts and post flood scenario. The conference will take place at Hotel Ambassador Lahore and (...)