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Americans Owe $1.7 Trillion in Student Loans

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The value of outstanding student loans in the United States has now reached $1.7 trillion, according to the Federal Reserve. That sum is owed by 45 million borrowers and it is the country’s second highest consumer debt category after mortgage debt. …

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Breather for the debt-laden economy

Breather for the debt-laden economy

The debt-laden economy of Pakistan needs foreign inflows in order to address its economic woes. The global economic landscape seems better today vis-à-vis a year ago when the entire world was afflicted by the conundrums of the pandemic. Pakistan’s economic …

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Foreign debt in statistics

Foreign debt in statistics

Presently Pakistan’s external debt and liabilities reached historical level of $113.8 billion at the end of September 2020, due to fresh borrowing from multilateral and bilateral sources on account of public debt. The economists reveal that economic growth and development …

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Review of Pakistan’s foreign loans

Review of Pakistan’s foreign loans

The present government of Pakistan statistics showed that, took over $13 billion in foreign loans in the previous fiscal year — the second highest amount in history — to repay maturing external debt and cushion the shrinking foreign exchange reserves. …

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Pre-Pandemic Household Debt at Record High

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When millions of Americans started losing their jobs due to the coronavirus pandemic in March, the federal government introduced the Federal Pandemic Unemployment Compensation program (FPUC) as part of the CARES Act. The program, which provides jobless Americans who qualify …

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Budgeting amid uncertainties and aspirations

Budgeting amid uncertainties and aspirations

The federal budget for 2020-21 is set in difficult circumstances with an exceptional degree of uncertainty generated by COVID-19. The economy was already reeling under the sharp slowdown brought on by the macroeconomic adjustment that began last July with accession …

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