Search For "debt"
Sri Lanka's foreign exchange crisis gets compounded by China's debt-trap d
Updated : 4 years, 2 months ago IST
Colombo [Sri Lanka], January 13 (ANI): Sri Lanka's foreign exchange crisis is compounded by its inability to meet the financial obligations initiated in co-operation with China on several projects.
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Pakistan to face debt crisis, failure of cyber security: World Economic Fo
Updated : 4 years, 2 months ago IST
Islamabad [Pakistan], January 12 (ANI): The 'Global Risks Report 2022' has listed five risks facing Pakistan with top risk of the debt crisis, followed by extreme weather events, failure to stabilise price trajectories, failure of cyber security measures and human-made environmental damage,
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COVID-19 new variant, inflation to derail global economic recovery in 2022
Updated : 4 years, 2 months ago IST
Washington [United States], January 12 (ANI): Global economic growth will drop sharply from 5.5 per cent in 2021 to 4.1 per cent in 2022 and dip further to 3.2 per cent in 2023 due to fresh threats from COVID-19 variants and a rise in inflation, debt and income inequality, the World Bank sai
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Sri Lanka could go bankrupt this year as inflation rises to record levels:
Updated : 4 years, 2 months ago IST
Colombo [Sri Lanka], January 9 (ANI): Sri Lanka is facing a deepening financial and humanitarian crisis that could lead it to bankruptcy in 2022 as inflation rises to record levels, said a media report.
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BridgeUp: India's first recurring revenue trading platform
Updated : 4 years, 2 months ago IST
New Delhi [India], January 7 (ANI/Mediawire): Have you heard of the new entrant in the Fintech space that is building an entirely "new" asset class based on recurring revenue contracts? Interestingly, the modus operandi of this platform is based neither on equity nor on loan, but at the same
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IL&FS completes 26 pc stake sale in ONGC Tripura Power Company
Updated : 4 years, 2 months ago IST
New Delhi [India], January 4 (ANI): Debt-laden IL&FS said on Tuesday it has completed sale of its 26 per cent stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs 1,227 crore.
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Amid rising external debt of Pakistan, Imran Khan launches Pak-China Busin
Updated : 4 years, 2 months ago IST
Islamabad [Pakistan], January 3 (ANI): As the opposition parties intensified criticism against Pakistan's ruling party over widespread inflation and rising debts, Prime Minister Imran Khan has launched Pakistan-China Business Investment Forum aimed at facilitating investment between the t
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Pakistan entering New Year with severe issues including unemployment, heal
Updated : 4 years, 2 months ago IST
Islamabad [Pakistan], December 31 (ANI): Pakistan's struggle of maintaining its financials seems to get no relief ahead of New Year -2022 - as Islamabad topped the list of 10 countries with the highest external debt and facing waste of national resources, burgeoning population, rising unempl
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Pakistan economic woos increased by fiscal deficits, flawed monetary polic
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], December 29 (ANI): Pakistan economic woos has been increased by huge fiscal deficits and failure in implementing robust monetary policy thereby unable to negate its external debt obligation coupled with depleted international reserves.
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BRI designed to make profits for Chinese companies at cost of recipient co
Updated : 4 years, 3 months ago IST
Washington [US], December 29 (ANI): China's Belt and Road Initiative (BRI) project has become synonymous with wasteful spending, ecological destruction and massive debt burdens and aims to make profits for the participating country's leaders and Chinese companies at the cost of the nation's
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Imran Khan's 'naya Pakistan' pitch seems empty as Pakistan faces foreign d
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], December 25 (ANI): Pakistan Prime Minister Imran Khan's "so-called" promises of "naya Pakistan" seem empty with his government borrowing heavily from international financial institutions to stay afloat and the people of the country bearing the burden of debt as well as
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China supplied aircraft turns liability for Nepal: report
Updated : 4 years, 3 months ago IST
Kathmandu [Nepal], December 23 (ANI): Chinese aircraft purchased in 2014 has turned into a liability for Nepal due to its functionality and performance, said a media report adding that the sales of this equipment are meant to benefit only Chinese companies and the Himalayan nation finds itse
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