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WIRTSCHAFT: Pakistans Auslandskredite infographic

Pakistan von Auslandskrediten abhängig

02/06/2019
Graphic News

February 6, 2019 -- China, Saudi Arabien und die Vereinigten Arabischen Emirate helfen Pakistan mit Milliarden Dollarkrediten, denn das Land verbraucht seine Devisenreserven am schnellsten von allen asiatischen Staaten. Saudi Kronprinz Mohammed bin Salman wird Pakistan vom 14.-18. Februar besuchen.

Since the election of Prime Minister Imran Khan in July, the State Bank of Pakistan has received some $13.5 billion in loans or pledges from its allies. Premier Khan has been reluctant to ask the International Monetary Fund (IMF) for help again -- in 2013 Islamabad was loaned $6.7 billion by the IMF. However, the IMF has confirmed that Pakistan has asked for an emergency bailout of $8 billion to cover sovereign debt payments.

Both Fitch Ratings and Standard & Poor’s -- two of the three major global rating agencies -- have downgraded Pakistan’s long-term debt rating to “B-Negative.” The downgrade indicates a higher credit risk; therefore, it is likely to push up interest rates required from government and corporate bodies when they go to the international markets to raise borrowing.


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28 years ago — April 2, 1991 — the original Graphic News launched using a precursor to today’s websites that used email technology. These enabled infographics to be delivered electronically around the world over telephone lines. What was possible was very limited - It took 10 minutes for a 100K file to download.

Since then delivery speeds and website technology have moved on. The new website will offer the best online experience possible now, adding many new features (and offering new opportunities for the future), but still enabling existing users to select and download infographics and enjoy the distinct brand of visual journalism that is Graphic News.


Over the coming days I will give further information. Please contact me if you have any questions. Fiona Roberts, froberts @ graphicnews.com



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