Search result for 'commercial loans'

China has assured Pakistan a $3.7 billion loan, denominated in Chinese currency, to maintain its foreign exchange reserves above $10 billion. The move comes as part of China's broader strategy to...

Commercial credit supply in India declined by 11% in Q4 2023 due to asset quality concerns, according to a report by Sidbi and Cibil. Despite increased credit enquiries, lenders remain cautious.

Pakistan faces major foreign investment outflow as UK, UAE, and US withdraw nearly $1 billion from treasury bills, raising concerns about the country's fragile economy.

Pakistan has repaid a USD 1 billion loan to the Industrial and Commercial Bank of China (ICBC), temporarily lowering its foreign exchange reserves to a six-month low. The country is seeking to...

Pakistan has repaid a USD 1 billion loan to the Industrial and Commercial Bank of China (ICBC), bringing its foreign exchange reserves to a six-month low. The country is heavily reliant on Chinese...

Saudi Arabia has extended a USD 3 billion loan to Pakistan for another year, providing crucial financial support to the cash-strapped nation. The move comes as Pakistan faces mounting debt...

The IMF has approved a USD 7 billion bailout package for Pakistan, including a USD 1.1 billion tranche this month. The agreement comes with strict conditions including tax increases and spending cuts.

Pakistan seeks a USD 4 billion loan from Middle East banks to meet financial obligations, as the IMF approval of a USD 7 billion EFF is delayed. The country also faces high financing costs due to...

Pakistan seeks to re-profile over USD 27 billion in debt with China, Saudi Arabia and UAE to secure IMF bailout. This includes extending maturity periods of loans and converting energy sector...

Bangladesh and China signed 21 agreements and announced new projects to deepen their strategic partnership, including a free trade agreement and investment treaty.

Sri Lanka's efforts to divest shares in SriLankan Airlines have failed, with only six bidders coming forward. The airline will undergo restructuring instead, with the government retaining 51%...

Sri Lanka has finalized a debt restructuring agreement with its bilateral lenders, including India and China, to meet an IMF bailout condition. The agreement grants significant debt relief.

Pakistan plans to borrow USD 23 billion in FY24, including debt rollovers, to finance development plans and meet external financing requirements. The country's economic policies remain reliant on...

Commercial credit portfolio grew 11% in Sept quarter, delinquency rate dropped to 2-year low, driven by increased economic activity. Lenders see promising growth prospects.

Bajaj Finserv Health has acquired Vidal Healthcare Services for Rs 325 crore, expanding its healthcare offerings and capabilities. The deal is expected to close by March.

China's Sinopec will establish a USD 4.5 billion petroleum refinery plant at Hambantota port in Sri Lanka, making it the largest foreign direct investment for the country.