Switzerland Finance

Pakistan faces growing economic challenges: high inflation, declining foreign exchange reserves and currency depreciation Saudi Arabia on Saturday granted Pakistan a $ 3 billion loan as part of an economic support program. Shaukat Tarin, financial adviser to Pakistani Prime Minister Imran Khan, tweeted: “I would like to thank His Excellency …

Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi (photo by Chip … [+] Somodevilla / Getty Images) Getty Images That’s what a government shutdown on your student loans means. Here’s what you need to know. Student loans The federal government could shut down this week if Congress fails …

Nirmala Sitharaman said banks are not discouraged from granting loans to police personnel Finance Minister Nirmala Sitharaman told parliament on Tuesday that the Center had issued no specific instructions to banks asking them not to grant loans to “sensitive customers” such as police personnel. Ms. Sitharaman, during question time at …

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To boost economic activities in the country and improve the living standards of citizens, financial experts urged the federal government to introduce policies that would allow small businesses to have increased access to loans. The experts, who run a digital bank, Branch, said the government needs to demystify the idea …

By Joe Hoppe REA Holdings PLC said Thursday it has completed discussions with its Indonesian bankers PT Bank Mandiri (Persero) Tbk to replace existing loans to its subsidiaries with larger facilities at lower interest rates. The palm oil producer said that its subsidiary PT Sasana Yudha Bhakti, or SYB, and …

Over the past five years, considerable progress has been made in resolving and collecting bad debts from banks. Despite this, there are still around Rs 10 lakh crore of stressed assets lying around in the system. The newly formed National Asset Reconstruction Company (NARCL) in the public sector offers hope …

Two organizations in Santa Barbara County have teamed up to connect local farmers, ranchers, fishermen and food artisans with equitable loans to promote the resilience of food businesses and fill gaps in the system. The Food System Resilience Loan Program was launched in early November by the Santa Barbara County …

File photo illustration A 37-year-old woman goes to jail after fraudulently receiving more than $ 350,000 in COVID-19 relief loans and posing as lawyers in California, federal officials say. Miranda Devlin, of San Francisco, was sentenced to 18 months in prison on Wednesday, November 17, for doing a false statement …

It is always a challenge to comment on legislation pending in Congress before it becomes law, because until it is enacted, changes can be made during the legislative process. What exists in one form may not be present when the invoice reaches the finish line. That being said, something recently …