Everyday happening in Pakistan and around
Thousands of students in the US who took out private loans to attend for-profit colleges that later shut down or were found guilty of misconduct cannot obtain debt relief following a recent $6bn settlement. Former students who had taken government loans were granted automatic loan cancellation, but those who borrowed from private lenders were ineligible for […]
Political turmoil in Pakistan is holding up a $1.1bn tranche of funding from the International Monetary Fund (IMF), according to sources. The funds are part of a $6.5bn bailout package approved by the IMF in 2019, the conditions of which Pakistan has largely met. However, the IMF is seeking assurances that any future political administration […]
The International Monetary Fund (IMF) is currently working on a plan to regulate cryptocurrencies and has recommended against granting them legal tender status. This comes as India, the current G20 president, is pushing for debt restructuring for its South Asian neighbours and for cryptocurrency regulation. IMF Managing Director Kristalina Georgieva said that while there is […]
[ Pakistan may require a debt adjustment in some form given the sharp deterioration in its external position, even if some support from the International Monetary Fund (IMF) and bilateral institutions is materialised, said Barclays Bank. In its report on Pakistan titled ‘Payment halt a possibility’ released on February 21, Barclays said it maintains an […]
[ Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. Naspers, through its early-stage investment vehicle, Naspers Foundry, co-led the $15 million equity round (the SA-based investor also led Planet42’s […]
