New Delhi [India], July 14 (ANI): The country's largest lender State Bank of India has decided to increase its marginal cost of lending rate (MCLR) on loans by 10 basis points or 0.10 per cent effective from July 15, 2022.
Islamabad [Pakistan], July 14 (ANI): The International Monetary Fund (IMF) has said that it had reached a staff-level agreement with Pakistan on the combined seventh and eighth reviews for a USD 6 billion Extended Fund Facility (EFF) loan facility.
Karachi [Pakistan], July 13 (ANI): Pakistan's external debt servicing rose to USD 10.886 billion in the first three quarters of 2021-22 compared to USD 13.38bn in the entire FY21.
Bhubaneswar (Odisha) [India], July 13 (ANI): On the request of the Economic Offences Wing (EOW) of Odisha Police, the Bureau of Immigration (BOI) has issued a lookout circular against Liu Yi, a Chinese national and main accused in a mobile loan app scam, police said on Tuesday.
Islamabad [Pakistan], July 11 (ANI): Pakistan's Interior Minister Rana Sanaullah on Sunday said that the International Monetary Fund (IMF) had not released the tranche for the USD 6 billion bailout package under its extended fund facility, even though it had made the country "dance to its
Islamabad [Pakistan], July 10 (ANI): Pakistan would borrow Pakistani Rupees (PKR) 5.5 trillion from international lenders in the current fiscal year to maintain their foreign exchange reserves, repay the previous loans and finance of current account deficit.
Beijing [China], July 9 (ANI): China's debt-trap diplomacy in Nigeria is posing a serious threat to the country's economy as Beijing accentuates its infamous loan facilities to the African nation for investments in projects ranging from infrastructure to agriculture.
Islamabad [Pakistan], July 9 (ANI): Amid the worsening economic situation in the country, the Pakistan government's total debt has increased by 15.3 per cent in the first 11 months of the fiscal year FY22.
Mumbai (Maharashtra) [India], July 8 (ANI/NewsVoir): Piramal Realty, the real estate arm of the Piramal Group, unveiled its new campaign #TheFutureStartsAtHome featuring Rahul Dravid for its portfolio of residential projects comprising Piramal Aranya (Byculla), Piramal Mahalaxmi (Jacob Circl
Beijing [China], July 8 (ANI): After offering loans to countries in Africa, China is now leveraging the "debt trap" to strategically penetrate the continent's political landscape.