Australia names China state-owned lender firm in Parliament for deliberately bankrupting company

Canberra [Australia], August 12 (ANI): A Chinese state-owned lender firm was named in the Australian Parliament on Tuesday afternoon for deliberately bankrupting an Aussie company by misdirecting payments to take…

World Bank, ADB delay USD 1 billion loans to Pakistan

Islamabad [Pakistan], June 15 (ANI): In a major setback for Pakistan's dwindling economy, two of its largest lenders - World Bank (WB) and Asian Development Bank (ADB) -- have deferred…

Cash-strapped Pakistan requests another year to pay back Chinese loans

Islamabad [Pakistan], June 14 (ANI): A debt-ridden Pakistan has requested its all-weather ally China that it needs another year to pay back a billion dollars Islamabad had borrowed from Beijing…