Search For "debts"
Pakistan: Landlords burn peasants house after latter demanded share in cro
Updated : 2 years, 9 months ago IST
Tenants in Pakistan work the land for no pay because of debts owed to landlords, often incurred generations before. It's a classic system of share-cropping, where landless tenants hand over between two-thirds and half of their crop to landowners just to pay the interest.
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Maharashtra: Man fakes kidnapping to settle debts, held
Updated : 2 years, 9 months ago IST
Senior inspector of Bangur Nagar police station, Pramod Tawde, said the accused, identified as Jitendra Joshi (27) staged his kidnapping and demanded a ransom of five lakh rupees from his own father.
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Wuhan pressing hundreds of Chinese firms to repay their debts in rare publ
Updated : 2 years, 10 months ago IST
The city's finance bureau said in a Friday statement published by the official Changjiang Daily newspaper that a total of 259 companies and entities owed it more than 100 million yuan (USD 14 million) combined. It urged them to pay their overdue debts as soon as possible.
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Mounting losses, piling debt crippling Pakistan International Airlines: Re
Updated : 2 years, 11 months ago IST
Recently, a Pakistan News outlet ARY News stated that PIA has tax debts amounting to over Rs 400 billion (USD 1.4 billion). The carrier had also recently asked for a government bailout to the tune of Rs 45 billion (USD 157 million).
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Exploring the future of Altcoins: Will other countries follow El Salvador'
Updated : 2 years, 11 months ago IST
New Delhi [India], April 3 (ANI/ATK): The decision by President Nayib Bukele to make Bitcoin (BTC) the legal tender in El Salvador was met with scepticism and apprehension five months ago. However, as of March 2023, the country is repaying its debts and regaining financial stability, thanks
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Pakistan battling its worst economic crisis this Ramazan
Updated : 2 years, 11 months ago IST
An increasing number of enterprises are either scaling down operations or closing production mainly for the scarcity of imported raw materials. Dozens of businesses have served notices of production suspension. Restriction on imports of raw materials to improve the trade balance amounts to c
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Pakistan's economy spiralling out of control as friendly nations refuse t
Updated : 2 years, 12 months ago IST
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
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Pakistan: EPTL warns federal government of shutting down plant
Updated : 2 years, 12 months ago IST
The company has written Central Power Purchasing Agency -Guaranteed (CPPA-G) a number of letters, most notably one on February 22, 2023, in which it asked for payment of its unpaid debts and alerted CPPA-G of impending debt servicing needs totalling Rs 28 billion.
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China's economic coercion increasing in the developing world
Updated : 3 years ago IST
China's growing economic footprint in many developing countries is causing a significant amount of debt repayment crisis after the financial challenges posed by the pandemic. China, which surpassed traditional multilateral institutions as the largest creditor to the developing world, has sin
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Saarthi.ai collaborates with Microsoft and G7 CR Technologies to revolutio
Updated : 3 years ago IST
Bangalore (Karnataka) [India], March 4 (ANI/GPRC): Saarthi.ai, India's leading communication AI Company, hosted on Microsoft Azure with G7 CR Technologies under their STAB program for ISVs, is revolutionizing the Indian debt collection industry through its voice & communication AI soluti
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As 'Chequebook Diplomacy' fails, China turns from generous investor to tou
Updated : 3 years, 1 month ago IST
China is chasing down unpaid debts, complicating Beijing's broader aspirations of extending its influence and forging new relationships through economic deals.
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Faulty policies, funding of terrorism responsible for Pakistan's economic
Updated : 3 years, 1 month ago IST
Pakistan faced an economic crisis which is a result of its own faulty policies long-standing debts, dipping forex reserves and support to extremism and terrorism.
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