Pakistan News: Serial-borrower Pak is chief of global borrowers’ club. What it brings to the table

Pakistan, itself burdened by heavy debt, has taken the chair of a UN-backed forum created to give developing countries a stronger voice on international borrowing. Pakistan’s Finance Minister Muhammad Aurangzeb accepted the chairmanship of the Borrowers’ Platform’s Governing Council in Bangkok on October 12, according to Pakistan’s government. The serial borrower nation would be responsible…

Pakistan News: Serial-borrower Pak is chief of global borrowers’ club. What it brings to the table

Pakistan, itself burdened by heavy debt, has taken the chair of a UN-backed forum created to give developing countries a stronger voice on international borrowing. Pakistan’s Finance Minister Muhammad Aurangzeb accepted the chairmanship of the Borrowers’ Platform’s Governing Council in Bangkok on October 12, according to Pakistan’s government. The serial borrower nation would be responsible…

Debt strains spur development rethink

WASHINGTON: High debt levels, rising debt-service costs and a sharp drop in official development assistance are forcing developing countries and institutions that help them to rethink development and look for new sources of funding, including from the private sector. World Bank President Ajay Banga, who has led a drive that has more than tripled the…

John Oliver’s show bought nearly $15 million in medical debt for $60,000 in 2016; instead of collecting it from around 9,000 people, it worked with a charity to wipe their outstanding bills

In June 2016, television comedy host John Oliver bought nearly $15 million (£11.8 million) in unpaid medical debt for just $60,000 (£47,000) through a debt collection company created for the purpose. Instead of using debt collectors to demand payment from the roughly 9,000 patients linked to the accounts, the producers of HBO’s Last Week Tonight…

N7.7tn Debt Service: More Revenue, Rising Interest, Less To Show – The Whistler Newspaper

What makes Nigeria’s fiscal situation particularly troubling is the contradiction between the government’s growing financial obligations and citizens’ expectation that public revenue should translate into tangible public value. Nigeria’s fiscal story appears to have “voodoo” trends, owing to the fact that in just the first six months of 2026, it is alarming that the Federal…

London Job Loss, Betting Debt and Dowry Harassment: Ahmedabad Woman Kills Herself

A 26-year-old woman in Ahmedabad’s Jashodanagar area died by suicide on 15 October after facing persistent physical torture, mental harassment, and relentless dowry demands from her husband, who sank into heavy debt following severe online betting losses. The Vatva GIDC police registered an official complaint against the husband, Hardik Bodana, after the victim’s father, Dineshbhai…