Tags : loans

Sri Lanka has stopped repaying loans to save dollars

COLOMBO: Sri Lanka warned of an unprecedented default and halted payments on foreign debt, an extraordinary step taken to preserve its dwindling dollar stockpile for essential food and fuel imports. Also Read: Sri Lanka Announces Defaulting On All Its External Debt All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended […]Read More

Yawning gap estimates: IMF, Pakistan talks hit stalemate

ISLAMABAD: The International Monetary Fund (IMF) has estimated that the Prime Minister’s Relief Package. For slashing down petrol, diesel, and electricity prices as well as doling out of Kamyab Pakistan Program (KPP) loans. Cost almost doubled amount of Rs 425 billion against official estimates of Rs 220 billion only. On other hand, the foreign currency […]Read More