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, Feb 16 (IANS) The Special Court has issued notices to Venugopal Dhoot and 12 other entities in the Rs 61,773 crore bank loan fraud case related to Videocon’s oil and gas business in Mozambique, according to a statement issued by the Directorate of Enforcement (ED) on Monday. The notice, issued by the special court at Rouse Avenue in Delhi, is in response to a prosecution complaint filed by ED on Dec 18, 2024, under the provisions of the Prevention of Money Laundering Act (PMLA) i…