New Delhi, April 9 (IANS) Pakistan’s economy remains under pressure, as its decision to secure a $600 million short-term loan from Standard Chartered Bank has once again highlighted the country’s fragile external financing position amid mounting fiscal and external challenges, according to a new report.According to an Asian News Post report, the loan is priced at SOFR plus 2.6 per cent — translating to an interest rate of around 6.3 per cent — aimed at supporting foreign exchange reserves,…
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New Delhi, Jan 6 (IANS) The US capture of Venezuelan President Nicolas Maduro has raised questions about how the resulting political instability could affect China’s significant economic interests there, as it is Venezuela’s largest creditor and, by far, its largest buyer of oil, accounting for more than 80 per cent of crude exports, according to a new report.Before his capture by the US, Maduro met Qiu Xiaoqi, China’s special representative for Latin American Affairs, at the Miraflores Pres…