Business
January 28, 2021
ISLAMABAD: The Asian Development Bank (ADB) on Wednesday announced a new five-year loan program, estimated at approximately $10 billion, for Pakistan to help in expanding economic opportunities in the country.
The Manila-based lender said it endorsed a new 5-year country partnership strategy (CPS) to help restore economic stability and growth in Pakistan, enhance people’s wellbeing, create jobs, and expand economic opportunities as the country works to overcome the coronavirus disease (COVID-19) pandemic.
The announcement came a day after the World Bank’s assurance about support to Pakistan’s priority development objectives under an estimated $12 billion loan program starting from the next fiscal year. The framework is nearing the completion stage and expected to have the final approval by May or June.
Earlier this week we wrote about how two legislators from some of the most affluent parts of Virginia want to do away with the coal tax credits that prop up
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International Lithium Corp.: International Lithium Announces Close of Private Placement and Loan Restructure
Company or
Private Placement ) of units (
Units ) announced on January 6, 2021, for proceeds of $185,788. On closing, the Company issued 3,715,750 Units. Each Unit is comprised of one common share and one-half of a share purchase warrant (each whole warrant being a
Warrant ), with each Warrant exercisable into one common share until December 31, 2023 at an exercise price of $0.075 per common share.
The proceeds of the private placement will be used for general and administrative expenses, and working capital. All private placement securities will be restricted from trading for a period of four months plus one day from closing.
Mortgage Business
Home loan demand gains ground By Malavika Santhebennur 27 January 2021
The mortgage market is showing small signs of recovery across the country amid the holiday period, while NSW has continued to post the largest fall, data has shown.
CoreLogic’s Property Market Indicator Summary for the week ending 24 January has revealed that nationally, mortgage market activity dropped 36.9 per cent month-on-month.
While this is still a substantial fall, it is an improvement on previous weeks’ figures, when home loan activity fell 47.0 per cent for the week ending 17 January, and 40.2 per cent for the week ending 10 January.
NSW has once recorded the largest fall in activity, plunging by 47.3 per cent month-on-month. However, this is an improvement from the week ending 17 January, when activity plummeted by 57.2 per ce