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Chinese real estate giant Evergrande rolls out restructuring plan
Updated : 3 years, 4 months ago IST
Evergrande's negotiations with bondholders which investors said often seemed close to faltering covered over USD 19 billion of bonds.
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India, US, Japan secure USD 2.286 bn IMF bailout for Sri Lanka
Updated : 3 years, 4 months ago IST
After a protracted battle by India, the United States and Japan to get China to agree to restructure its massive loan of USD 7bn to Sri Lanka, the International Monetary Fund (IMF) approved the USD 2.286 billion (about USD 3bn) bailout for Sri Lanka on March 20. The Sri Lankan government und
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Pakistan circular debt for Chinese Independent Power Producers reaches PKR
Updated : 3 years, 4 months ago IST
Pakistan's Planning Minister Ahsan Iqbal chaired the meeting and discussed progress on Special Economic Zones, ML-1, KCR and several new development initiatives to be discussed by the Joint Working Groups (JWGs).
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India's forex reserves rise sharply
Updated : 3 years, 4 months ago IST
India's foreign exchange reserves rose sharply by USD 12.798 billion to USD 572.801 billion in the week ending March 17, according to the Reserve Bank of India's latest data.
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IMF asks Pakistan to provide external financing assurances for release of
Updated : 3 years, 4 months ago IST
It should be noted that Pakistan and the IMF have been negotiating since early February on an agreement that would release USD 1.1 billion to the cash-strapped, nuclear-armed country of 220 million people and its supercritical for the liquidity-challenged country, whose deficient foreign exc
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Pakistani politicians ignore Gilgit-Baltistan's problems, treat people lik
Updated : 3 years, 4 months ago IST
Gilgit-Baltistan gets grants in aid like alms. Currently, the Developmental and Non-Developmental Grant in Aid is Rs.18.48 billion which is less than the budget allotted to some districts of the federation. The vernacular media further write that despite this, Gilgit -Baltistan are cursed an
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Unified Payments Interface (UPI) makes India a global leader in next-gener
Updated : 3 years, 4 months ago IST
Mumbai (Maharashtra) [India], March 24 (ANI/PRNewswire): With Cash use declining from 71 percent of POS transaction value in 2019 to just 27 percent in 2022, India has emerged as a global leader in payments with the development of its next-generation real-time payments (RTP) infrastructure,
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Washington stands with women in Iran, Afghanistan who face violence: US Pr
Updated : 3 years, 4 months ago IST
"We stand with women in Iran and Afghanistan who are facing down violence ... The budget I laid out two weeks ago, includes more than three billion dollars, a record amount, to advance general quality globally not just at home," he said, as quoted by TOLO News.
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Pakistan invokes Shariah amid calls for compliance under European Union's
Updated : 3 years, 4 months ago IST
The country which has been enjoying the facility since 2014 has immensely gained from the zero import duty on 66 pc of the tariff lines. Due to it, Pak exports to EU increased substantially from EUR3.56 billion in 2013 to EUR6.64 billion in 2021, mostly in the textile, leather, sports and su
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More than quarter of world's population has no safe drinking water: UNESCO
Updated : 3 years, 4 months ago IST
More than a quarter, 26 per cent of the world's population, comprising approximately 2 billion people, do not have safe drinking water and 3.6 billion or 46 per cent lack access to safely managed sanitation, according to the report, published by UNESCO on behalf of UN-Water and released a
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China introduces new power structure to tighten control on data, tech, fin
Updated : 3 years, 4 months ago IST
China, with around 1 billion internet users and a vast surveillance network, is fast becoming the biggest part of the "datasphere." One projection by Seagate a few years ago estimated the nation's annual data generation would reach 48.6 Zettabyte (ZB) by 2025, or nearly 28 per cent of the gl
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Defending champion Iga Swiatek withdraws from Miami Open
Updated : 3 years, 4 months ago IST
Swiatek was scheduled to face American Claire Liu in the second round on Thursday.
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