Search For "mounting debt"
Pakistan: Protests in Gilgit Baltistan over secret land deals with China
Updated : 4 years ago IST
Gilgit Baltistan [PoK], May 12 (ANI): Pakistan is surreptitiously leasing out the Upper Hunza Valley to China in the near future to ease its mounting debt burden from the Chinese investment in the now increasingly burdensome China Pakistan Economic Corridor (CPEC) project.
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China cuts down investment pledges for Africa amid mounting debt fears
Updated : 4 years ago IST
Beijing [China], May 9 (ANI): While infrastructure projects are one of the main priority areas in China-Africa cooperation, Beijing has cut down on its investment pledges for the continent for the first time in December 2021, according to reports.
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Sri Lanka succumbs to China's debt-trap diplomacy: Report
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], April 12 (ANI): Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy while Colombo battles most significant economic crisis in decades amid mounting debt repayment woes.
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Laos-China railway opens as experts raise concerns over mounting debt
Updated : 4 years, 6 months ago IST
Vientiane [Laos], December 3 (ANI): Laos has opened a USD 6 bn Chinese-built railway on Friday, the biggest public works project in its history, which analysts warn could expose the poor south-east Asian country to financial risk or political coercion from Beijing, reported Financial Times.
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Afghanistan's electricity body to sell estates to pay off debt: Report
Updated : 4 years, 7 months ago IST
Kabul [Afghanistan], October 7 (ANI): Amid mounting debt crisis, Afghanistan's electricity body is set to sell the estates of its debtors in a bid to pay nearly USD 62 million worth of power bills to the central Asian countries, media reports said on Thursday.
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Despite mounting debts, Pakistan proposes to exempt political parties from
Updated : 4 years, 11 months ago IST
Islamabad [Pakistan], June 16 (ANI): Despite rising debt and inflation in Pakistan, its Imran Khan-led federal government has proposed to exempt all registered political parties of Pakistan from the legal obligation of submitting their annual income and wealth records while also declaring th
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Once a sprawling conglomerate, China's biggest 'bad bank' stumbling with m
Updated : 5 years ago IST
Hong Kong, May 19 (ANI): Once a sprawling Chinese financial conglomerate that had the trust of foreign investors -- Huarong -- is now under more than USD 40 million debt to domestic and overseas investors and is even showing signs of stumbling.
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China reluctant to clear USD 6 billion loan for CPEC project
Updated : 5 years ago IST
Islamabad [Pakistan], May 9 (ANI): China has shown reluctance to clear a USD 6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.
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Rural India facing insurmountable sufferings in COVID-19 lockdown: Gaon Co
Updated : 5 years, 9 months ago IST
New Delhi [India], August 10 (ANI): In a first-of-its-kind national survey on the impact of COVID-19 lockdown on rural India, Gaon Connection has released its findings that reflect the untold miseries rural citizens are facing during the lockdown.
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Bharti Airtel reports Q3 loss at Rs 1,035 crore despite rising revenue
Updated : 6 years, 3 months ago IST
New Delhi [India], Feb 4 (ANI): Bharti Airtel on Tuesday reported a loss of Rs 1,035 crore in the quarter ended December as the telecom major tackles a bruising pricing battle, mounting debt and regulatory overhang.
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Delhi High Court halts asset sale of Reliance Capital
Updated : 6 years, 6 months ago IST
New Delhi [India], Nov 21 (ANI): Delhi High Court has placed a restriction on the sale of assets belonging to Anil Ambani-led Reliance Capital which is reeling under mounting debt.
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Six of family commit suicide in Jharkhand
Updated : 7 years, 10 months ago IST
Jharkhand (Hazaribagh) [India], July 15 (ANI): In yet another incident of mass suicide, six members of a family here committed suicide owing to mounting debts.
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