Pakistan PM Imran Khan mulling mortgaging Islamabad s biggest park to get loan: Report
Pakistan news: Spread on 759 acres of land, the F-9 park is a public recreation park. Pakistan Prime Minister Imran Khan | Photo Credit: IANS
Islamabad: Amidst the financial issues being faced by the government, Pakistan Prime Minister Imran Khan is considering mortgaging Islamabad s biggest park to get a loan of nearly Rs 500 billion, a report said on Sunday.
Named after Madar-i-Millat Fatima Jinnah, the F-9 park is stretched over 759-acre land.
Dawn reported that the Pakistani PM will put forward the proposal to mortgage the F-9 park during the next meeting of the federal cabinet, which is scheduled to take place via video conference on Tuesday.
The pandemic and its aftershocks have transformed every aspect of life, including attitudes, actions, and behaviours when it comes to money. By analysing credit card spending behaviour in 2020 of India’s most creditworthy people.
Remember, there are already laws to protect people so most can stay in their homes. So things like rent, mortgage, credit card payments, medical bills can wait.
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By Reuters Staff
2 Min Read A truck travels to a depth of 516 metres below the surface to collect ore at the Chibuluma copper mine in the Zambian copperbelt region, file. REUTERS/Rogan Ward/File Photo
LUSAKA (Reuters) - Zambia paid 8.5 billion kwacha ($400 million) in value-added tax refunds to mining companies last year, the head of the tax authority said on Wednesday, equal to about 3.5% of the external debt that the southern African country is struggling to repay.
Zambia, Africa’s second-largest copper producer, is negotiating with creditors to try to get debt relief, after it defaulted on a $42.5 million coupon in November.