Loan write-offs and tax losses
Colossal revenue losses have been caused to national exchequer by the Federal Board of Revenue (FBR) and National Accountability Bureau (NAB) by not taking action against the beneficiaries of politically-motivated…
Noble Group in talks with banks for $1.5 billion unsecured loan
Noble Group is in advanced talks to raise a large unsecured loan from banks that will help repay its debt maturing in May, the loss-making commodity trader's head of treasury…
By-elections and foreign loans
Random thoughts During the last few weeks we witnessed tremendous political activity due to by-elections in Punjab. All eyes were fixed on constituencies NA-122, NA-144 and PP-147. NA-122 became vacant…
The take-home from IMF loan
Immediately on assuming power in mid-2013, the government rushed for an IMF loan to stave off a default when depleting foreign exchange reserves of US $11 billion covered less than…
Loans and ‘dirty’ politics
The allegations by Minister for Privatisation Muhammad Zubair, during a press conference on November 25, that Jahangir Khan Tareen of the PTI got loans worth Rs240.7 million written off and…
China: investment or loan?
The recent three-day official visit to China by Prime Minister Nawaz Sharif and his brother, Punjab Chief Minister Shahbaz Sharif led to the signing of projects valued at 42 billion…
$34 billion Chinese FDI/loan: A perspective
Talk of $34 billion proposed Chinese investment with government claiming it to be a Foreign Direct Investment (FDI) while others describing it as a loan is a good fodder for…
Dar good at procuring foreign loans
If the relevance of a budget is premised on the accuracy of data of the outgoing fiscal year then budget 2014-15''s relevance would expire on 1 July 2014, the first…
As bad loans mount, India gets tough on ‘wilful’ default
Kemrock Industries and Exports owns a golf course near its plant in western India and its chairman, Kalpesh Patel, talks of the high salaries he pays employees. Still, the company…
Written-off loans
This is the third time when the issue of written-off loans has been taken up at the highest echelons of the country. The first attempt was made by the interim…
