The board of directors of Hascol Petroleum Limited (HPL) has approved a scheme of arrangement that will restructure its debt once it has been approved by the company\’s secured creditors and members. The modified scheme was prepared under Sections 279 to 282 and 285 of the Companies Act, 2017, and incorporates feedback from HPL\’s creditors. […]
[ Finance Minister Ishaq Dar on Wednesday announced that the board of China Development Bank (CDB) approved a loan of $700 million for Pakistan. Earlier this month, the country\’s foreign exchange reserves slipped to the alarming level of below $3 billion for the first time in nine years, reducing import capacity to slightly over two […]
[ The Board of the China Development Bank (CDB) has approved the disbursement of $700 million for Pakistan, said Federal Minister for Finance and Revenue Ishaq Dar on Wednesday. “Formalities completed and Board of China Development Bank has approved the facility of $700 million for Pakistan,” Dar announced in a post on Twitter. “This amount […]