Travel, tourism and hospitality investment specialist Certares Management has teamed with credit investor Knighthead Capital to close a $1.5bn fund to capitalise on post-Covid opportunities.
Shahbaz slams govt for increasing debt
Top Story
May 20, 2021
LAHORE: PML-N President and Opposition Leader in National Assembly Shehbaz Sharif said every additional day of this government is adding more debt on the nation, choking the country s last breath while the people suffocated under the inflation, taxation and unemployment.
In a meeting with former prime minister Shahid Khaqan Abbasi, Punjab Assembly Opposition Leader Hamza Shehbaz, former finance minister Miftah Ismail, Sadia Abbasi, Ataullah Tarar, Sheikh Fayaz, Rao Ajmal, Malik Rasheed, and Riazul Haq, Shehbaz Sharif said the country is drowning deeper into debt and crisis.
He said every living soul in Palestine, West Bank and Gaza is looking towards the leadership of the Muslim countries. He said on Friday, PMLN leadership, members, workers and all Pakistanis will express their solidarity with their Palestinian brothers and sisters in the most exemplary manner. He directed all party leaders, members and workers to
May 20, 2021
Japan’s target of balancing its budget by fiscal 2025 is essentially out of reach, and pushing for it too hard would derail the pandemic-hit economy, according to Ayako Fujita, a member of the finance ministry’s debt-management panel.
“It’s pretty much impossible,” Fujita said of the goal to balance the government’s budget excluding debt-servicing payments by the year ending March 2026.
Measures such as spending cuts or tax increases to meet the goal would shave 1% off the economy each year and are therefore unlikely, Fujita, a senior economist at JPMorgan Securities, said in an interview.
The panelist’s remarks come amid continued insistence by Finance Minister Taro Aso that Japan is sticking with the goal. Aso reiterated his stance on April 30 that the goal is important to maintain market trust in the country’s commitment to fix its finances and to avoid a surge in yields.
LAHORE: Special Assistant to Chief Minister on Information Dr Firdous Ashiq Awan has said the PTI government is committed to composite development of the province and in line with the vision of PM.
Tighter Access to Bunker Credit is Good Thing : Delta Energy
by Ship & Bunker News Team
Thursday May 20, 2021 Credit is getting harder to come by. File Image / Pixabay The tightening of access to bunker credit seen over the past two years could be seen as a good thing because it is delivering greater scrutiny of the industry, according to marine fuel supplier
Delta Energy.
S&P Global Platts s
European Bunker Fuel Virtual Conference on Thursday. I think it s clear to everybody that [credit] is an order of magnitude more difficult to come by now than it was 24 months ago, Morgan said.