Top Story
April 21, 2021
ISLAMABAD: Pakistan owes total debt of Paris Club to the tune of $11.547 billion, out of which outstanding bilateral loan of France stood at $1.748 billion, the official data shows. Islamabad had to pay millions of dollars to France alone per annum on account of amortization in shape of both principal and mark-up of loan amounts over the medium term.
France is the Secretariat of the Paris Club countries and possesses a lot of influence over this forum. There are a total 17 members of the Paris Club countries and France is the second largest bilateral donor after Japan. The total outstanding bilateral loan of Paris Club stood at $11.547 billion out of which Japan is the largest bilateral donor with outstanding loan amount of $5.8 billion and then France with outstanding loan of $1.748 billion.
3 Min Read
MILAN (Reuters) -Credit Agricole Italia secured majority support for a $1 billion takeover of rival bank Creval on Wednesday, after agreeing to pay the maximum price regardless of acceptance levels for its offer.
FILE PHOTO: A branch of Credit Agricole bank is seen in Warsaw, Poland, July 3, 2018. REUTERS/Marcin Goclowski/File Photo
A low take-up had threatened to thwart plans by France’s second-largest bank Credit Agricole to cement its presence in Italy’s consolidating banking sector, which is its biggest foreign market.
As of Tuesday, which was due to be the second-to-last day for the offer, take-up stood at 22.6% of the shares targeted by the bid despite an improved offer price last week.
The advertiser paid a fee to promote this sponsored article and may have influenced or authored the content. The views expressed in this article are those of the advertiser and do not necessarily reflect those of this site or affiliated companies.
Texas has some of the highest debt per adult resident when compared to other U.S. states.
During the pandemic, many people relied on credit cards to cover living expenses while their income was reduced, and are now unable to afford to even make the minimum payments.
What are the options to resolve overwhelming credit card debt?
If you have excellent credit scores and good income but you’re paying high-interest credit card debt, your best option will likely be to obtain a low-interest debt consolidation loan and pay off the credit cards.
UAE grants extension in $2 bn loan repayment to Pakistan
Top Story
April 21, 2021
ISLAMABAD: The United Arab Emirates (UAE) has decided to roll-over the $2 billion deposit by the Abu Dhabi Fund to Pakistan, with assurance that the Emirate was committed to extend every possible support to Pakistan.
The UAE had provided a $2 billion loan deposit in January and February 2020 which have now matured. The announcement was made by UAE’s Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in a meeting with Foreign Minister Shah Mahmood Qureshi at the UAE’s Ministry of Foreign Affairs in Abu Dhabi on Monday night.