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Signatures Growing to Get Tom Brady to Return PPP Money

Black Small-Business Owners Are Being Left Behind in the Pandemic, Survey Finds

External debt and liabilities swell to $115 7 billion

Business February 18, 2021 KARACHI: Pakistan’s foreign debt and liabilities increased $3 billion or 2.6 percent during the six months period ended in December last, the central bank’s data showed on Wednesday Till December, external debt and liabilities totaled $115.7 billion compared to $112.7 billion till June-end. Total external debt and liabilities were $110.7 billion till December 2019, according to the State Bank of Pakistan (SBP). Economist Ashfaque Khan said external debt and liabilities (EDL) were increasing sharply even before the start of the coronavirus pandemic due to falling exports, sharp depreciation of exchange rate, tight monetary policy and a decline in non-debt creating inflows. “However, COVID-19 has further intensified the country’s debt situation,” said Khan. “When Pakistan is in the IMF’s [International Monetary Fund] program, the debt accumulates rapidly.”

Exclusive: Oil trader GP Global APAC seeks debt moratorium in Singapore

Message : Required fields SINGAPORE (Reuters) - Oil trader GP Global APAC Pte Ltd has applied to the Singapore High Court for a six-month debt moratorium as its parent company seeks to restructure more than $1 billion dollars in debt, according to a company director, lawyers and a court document. The parent, GP Global - a major global oil trader and ship fuel supplier based in the United Arab Emirates - said in July it would restructure the group s debt by selling assets after lenders scaled back credit. GP APAC, which has missed loan payments in recent months, joins a string of defaults among Asian oil trading companies - including Singapore s Hin Leong Trading Pte Ltd, one of Asia s biggest bunker fuel suppliers - in the wake of last year s pandemic-driven crash in oil prices.

Welcome To IANS Live - BUSINESS - Commercial credit growth back to pre-pandemic levels: Report

The total on-balance-sheet commercial lending exposure in India stood at Rs 71.25 lakh crore in September 2020, clocking a growth rate of 2.1 per cent YoY. For the MSME segment, credit exposure stood at Rs 19.09 lakh crore as of September, showing YoY growth of 5.7 per cent. This credit growth is observed across all the sub-segments of MSME lending.Repo

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