Search For "debt"
Pakistan's economic growth will contract by 0.3 pc in fiscal year 2023: Re
Updated : 3 years, 1 month ago IST
Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
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Pak Rupee loses ground against dollar in interbank market
Updated : 3 years, 1 month ago IST
During intraday trade, the rupee depreciated by Rs 1.17 and was trading at Rs 270. The rupee had closed at Rs 268.83 on Wednesday.
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IMF rejects Pakistan's circular debt management plan, calls for increase i
Updated : 3 years, 1 month ago IST
The IMF has called the revised CDMP "unrealistic", which is made on the basis of certain wrong assumptions.
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Economic Survey: India's foreign exchange reserves comfortable, external d
Updated : 3 years, 1 month ago IST
India's foreign exchange reserves stood at USD 532.7 billion as of September-end of 2022, covering 8.8 months of imports according to the Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in Parliament today.
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Mobicule launches Industry First, Asset Repossession Module for Banks and
Updated : 3 years, 1 month ago IST
Mumbai (Maharashtra) [India], January 31 (ANI/Hunk Golden and Media): Mobicule, a niche player and expert in debt collection has announced the launch of mCollect Repossession module, an industry first for banks and NBFCs. The revolutionary Asset Repossession Solution is a comprehension solut
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9th review of Pakistan for USD 7 billion Extended Fund Facility kicks off
Updated : 3 years, 1 month ago IST
The discussion will revolve around Pakistan's plan for taking additional taxation measures to fetch over Rs 200 billion through a presidential ordinance, rationalizing expenditure, and hiking both electricity and gas tariffs for erasing the monster of the circular debt.
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China's debt moratorium offer to Sri Lanka not sufficient for IMF to appro
Updated : 3 years, 1 month ago IST
The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.
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Pakistani rupee sees highest 1-day fall in 20 years
Updated : 3 years, 2 months ago IST
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand of the IMF as part of a programme of economic reforms it has agreed on with the debt-laden South Asian nation.
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Why China attaches importance to railway projects it funds across the worl
Updated : 3 years, 2 months ago IST
Successful completion of these and other rail construction projects would significantly deepen connectivity between China and its neighbors, potentially boosting Beijing's geopolitical and geoeconomic clout while shoring up China's domestic economy.
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China's lending debacle: Development loans hit 13-year low
Updated : 3 years, 2 months ago IST
China's Belt and Road Initiative (BRI) has left scores of Lower and Middle-Income Countries (LMIC) saddled with "hidden debts." China is using debt rather than aid to establish a dominant position in the international development finance market.
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spocto Launches spoctoX Globally; Integrates a New Bundle of 12 Products U
Updated : 3 years, 2 months ago IST
Mumbai (Maharashtra) [India], January 25 (ANI/NewsVoir): spocto-World's leading full-stack debt support and risk mitigation platform, today announced the launch of spoctoX-a unified full stack debt support and risk mitigation platform that understands customers. The platform integrates spoct
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Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 2 months ago IST
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
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