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1-10 results from 1000 for query «debt»

September 25, 2018 12:00 AM Forex reserves fall to four-month low

KARACHI: Pakistan’s foreign exchange reserves fell to a four-month low during the week ended September 14, the central bank said on Monday, mainly on the back of external debt repayments. The foreign exchange reserves dropped $279 million, or 1.73 percent, to $15.790 billion, the lowest since May 2018. The forex reserves stood at $15.913 billion in May. Forex

September 24, 2018 12:00 AM KP seeks net hydel profit as per AGN Kazi formula

ISLAMABAD: Khyber Pakhtunkhwa wants the implementation of AGN Kazi formula for net hydel profit and if the demand is met by Council of Common Interests (CCI), electricity consumers will have to pay Rs3-4 per unit as net hydel profit. In this way, the cost of hydro generation will go up close to Rs10 per unit which is the one unit cost of electricity 1

September 17, 2018 1:26 AM Govt plans new slab for poor gas consumers

ISLAMABAD: Amid poli­tical pressure, the government is likely to create a new slab for poor domestic consumers with minimal impact of proposed 46 per cent increase in gas tariff. The Economic Coordina­tion Committee (ECC) of the cabinet will meet on Monday (today) to consider the consequences of creating four domestic slabs from the existing three 3

September 17, 2018 12:00 AM Saudi Arabia to auction tycoon’s real estate assets

RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s 100 richest people, was detained last year for unpaid debts dating back to 2009 when his company 3

September 14, 2018 12:00 AM Malaysia may grow 5 percent

HONG KONG: Malaysian Finance Minister Lim Guan Eng said on Thursday that the Southeast Asian country can sustain 5 percent annual economic growth as its new administration reviews mega projects and copes with hefty debts left by the previous government. In August, Malaysia cut its 2018 growth forecast to 5 percent, from 5.5-6.0 percent and reported much slower 4

September 14, 2018 12:00 AM Saudi Arabia raises $2bln with new Islamic bonds

DUBAI: Saudi Arabia has raised $2 billion in new sukuk, or Islamic bonds, completing its external funding requirements for 2018. The transaction is the kingdom´s second international sale of sukuk after a $9 billion issue last year. The bond sale was "part of the Ministry of Finance´s commitment to the development of the Shariah-compliant debt capital 3

September 12, 2018 1:07 AM Pompeo said US won’t block Pakistan plea for IMF bailout: Fawad

ISLAMABAD: US Secre­tary of State Mike Pompeo assured Pakistan last week Washington would not try to block any request for a bailout from the International Monetary Fund (IMF), Information Minister Fawad Chaudhry said on Tuesday. The remarks, which the minister said Mr Pompeo made during his visit to Pakistan on Wednesday, came in stark contrast to the US secretary’s

September 12, 2018 12:00 AM SL women selling kidneys to repay loans: UN expert

COLOMBO: Sri Lankan war widows and women in former conflict zones are being forced to sell their kidneys to pay loan sharks, a UN expert said on Tuesday, urging government intervention. Juan Pablo Bohoslavsky, the UN’s independent expert on effects of debt on human rights, said that debt collectors were also demanding sexual favours. "Women are at times

September 12, 2018 12:00 AM Karandaaz, DFID initiate credit enhancement facility for infrastructure projects

ISLAMABAD: Karandaaz Pakistan and UK’s Department for International Development (DFID) on Tuesday introduced Pakistan Credit Enhancement Facility (PCEF) to public and private sector stakeholders at a conference. The local currency credit enhancement facility was being set up to address and overcome existing constraints in the supply of local financing

September 9, 2018 12:00 AM History not to forgive if debt not paid back: CJP

LAHORE: Chief Justice of Pakistan (CJP) Justice Mian Saqib Nisar said on Saturday that history will not forgive if the country’s debt is not paid back. “Pakistanis are capable of constructing dams with their own resources,” said the chief justice of Pakistan. While having an informal conversation with an NGO delegation, Chief Justice Nisar said overseas