India’s Essar seeks loans from traders as banks fear Russian links
Indian refiner Essar Oil is looking to raise over $1 billion from trading houses after its new Russian owners could not raise loans from major Western banks due to sanctions…
Industrial revival and loan write-offs: Chronology of government packages – I
Every economy undergoes various ups and downs and business cycles caused by many internal and external factors affecting businesses in general and some in particular. Pakistan in its history of…
Industrial revival and loan write-offs: Chronology of government packages – II
SBP initiative of issuance of Circular No. BPD 29 October 2002 for one time cleaning the banks' balance sheets: Based upon the foregoing experiences and study of best banking practices…
Venezuela falls behind on oil-for-loan deals
Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters.…
IMF loan a bitter pill: the bitter truth
Pakistan is a perennial borrower of the International Monetary Fund (IMF) reflected by the fact that in our 72-year history the ongoing programme is the 23rd with an average duration…
A benevolent aid giver, not a loan shark
The rich countries seem overly worried over China's inroads in the long neglected dark continent - Africa and its attempts as well to build the much-needed physical infrastructure in the…
Greece gets drastic on sour loans with securitisation schemes
Greek authorities want banks to clean up their loan books faster, and they have put together new schemes to help lenders offload bad debt by wrapping it into asset-backed securities.…
A loan plus a statement equals IMF?
He went West and came back with a bagful. He went East and returned with a Joint Statement. We celebrated both - the tangible, of which we made a unilateral…
One last loan
Pakistan’s engagement with the International Monetary Fund (IMF) always creates panic among people as they find their going getting tough during an IMF arrangement. An IMF staff mission is in…
The lure of loans
In a popular Bollywood movie, a firebrand political leader, whose reputation rests on bucking the system, assumes the chief minister’s office after a protracted struggle. The people who elected him…
