Search For "loans"
Instability in Pakistan may impact China ties, CPEC, IMF loans
Updated : 3 years, 9 months ago IST
Beijing [China], May 23 (ANI): China's interactions with the new government in Pakistan may not have generated the necessary confidence to consolidate bilateral ties and in particular, give the necessary push to the China Pakistan Economic Corridor (CPEC).
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Sri Lankan economy may take time to revive, vicious trap called 'Chinese L
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], May 23 (ANI): The failure of Sri Lanka's economy due to faulty economic planning bore fruit for China's strategic ties as the island nation is caught in a vicious cycle of Chinese loans.
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Kenya's debt obligations towards China more than double in one year
Updated : 3 years, 10 months ago IST
Nairobi [Kenya], May 20 (ANI): Kenya's debt obligations towards China have shot up by a staggering 135.15 per cent in the last one year on the back of Chinese-funded infrastructure projects in the African country.
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Money View eyes INR 1500 Cr Revenue Run Rate by year end
Updated : 3 years, 10 months ago IST
Bengaluru (Karnataka) [India], May 18 (ANI/PR Newswire): Bengaluru headquartered fintech platform Money View turns profitable and ends FY22 (March'22) with an annualized revenue run rate of INR 600 Cr (USD 80 million). Money View has grown 4X year-over-year with strong unit economics while b
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Imran Khan's erstwhile government procured USD 52 billion in loans
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 16 (ANI): The erstwhile Pakistan Tehreek-e-Insaf (PTI) government tops the list amongst the last four administrations in the country with the highest external borrowing of around USD 52 billion in its three-year rule, a media report said.
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Sri Lanka: Nation's economic meltdown uncovers Chinese 'debt-trap' policy
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 14 (ANI): China offered debt-stricken Sri Lanka more loans to overcome its economic distress amid rising protests in the country.
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China changing gears of its Latin America lending strategy
Updated : 3 years, 10 months ago IST
Beijing [China], May 14 (ANI): China has changed its lending strategy towards Latin America, and now instead of giving state-to-state loans, it is now focused on financing Chinese firms that operate in the region.
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Experts caution countries from China's debt-trap diplomacy
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 13 (ANI): With the Sri Lankan economy overburdened with Chinese loans, as per the experts, other countries in the region also need to call upon their own governments to draw the necessary lessons from the Island nation.
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PNB to raise interest rate following 40 basis points repo rate increase by
Updated : 3 years, 10 months ago IST
New Delhi [India], May 12 (ANI): Punjab National Bank (PNB) is set to increase interest rates following the hike in policy repo rate by the Reserve Bank of India, PNB Managing Director and Chief Executive Officer Atul Kumar Goel said on Thursday.
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Power ministry takes steps for operationalising imported coal-based plants
Updated : 3 years, 10 months ago IST
New Delhi [India], May 11 (ANI): Union Power Ministry has directed Power Finance Corporation (PFC) and Rural Electrification Corporation (REC Ltd) to take necessary action to arrange short term loans for a period of six months with adequate safeguards for imported coal-based plants (ICB) whi
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China aiding militarization in African countries through loans
Updated : 3 years, 10 months ago IST
Beijing [China], May 9 (ANI): The Chinese loans in Africa, which are widely seen as extensions of the country's debt-trap diplomacy are being used by the recipient countries not just for infrastructure spending, but also for militarization, with defence companies from China being one of the
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China again looking to trap Sri Lanka by offering more loans
Updated : 3 years, 10 months ago IST
Beijing [China], May 7 (ANI): At the time when Sri lanka is struggling for its worst econimc crisis due to the huge Chinese loan debt, Beijing has once trying to entrap the Island nation by offering more loans and so-called aid to the country, according to media report.
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