• 27 June, 2022
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Sri Lanka in engagement with China to amend terms of USD 1.5 billion currency swap deal: Report

Colombo, Jun 16 (PTI) Sri Lanka is discussing with China to amend the terms and conditions of the USD 1.5 billion currency swap deal with Beijing so that it can…

China agrees to refinance Pakistan with USD 2.3 billion funding: Finance Minister Ismail

Islamabad, Jun 2 (PTI) China has once again come to the rescue of cash-strapped Pakistan as Finance Minister Miftah Ismail said on Thursday that the Chinese banks have agreed to…

Sri Lankan PM Wickremesinghe accepts Maldivian Speaker Nasheed’s offer to assist in securing international relief: Official

Colombo, May 19 (PTI) Sri Lankan Prime Minister Ranil Wickremesinghe on Thursday accepted a generous offer from Maldivian Speaker Mohamed Nasheed to assist the debt-ridden island nation's bid to secure…

Cash-strapped Pakistan, IMF agree to extend stalled bailout package, increase loan size to USD 8 bn

Islamabad, Apr 24 (PTI) Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to USD 8…

India has safeguards in place to mitigate risks from capital flows: IMF

Washington, Mar 31 (PTI) India, which has received a record number of foreign direct investment during the last few years despite COVID-19 crisis, has quite a few safeguards in place…

Poor nations pay highest debt service in 20 years -campaigners

JOHANNESBURG (Reuters) - Developing countries are paying more to service their debt than at any other time in the past two decades, with a heavier burden on the horizon if…

Evergrande’s billionaire boss exuded calm as crisis grew

By Clare Jim HONG KONG (Reuters) -Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed…

Despite Imran Khan’s promise to reduce circular debt to zero, Pakistan adds Rs 498 billion in FY21

Islamabad [Pakistan], July 4 (ANI): The continuous increase in the flow of the circular debt during the third year of Imran Khan's Tehreek-e-Insaf (PTI) government is against the promises that…