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Pakistan Requests $ 1.4 Billion Loan From China Amid Financial Challenges
In a bid to address its persistent external financing issues, Pakistan has formally requested a supplementary loan of 10 billion yuan (CNY) (approximately USD 1.4 billion) from China.
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Finland Zoo To Return 2 Giant Pandas To China Because They Are Too Expensive To Keep
Since 1949, China has strategically loaned giant pandas to foreign zoos to foster trade ties, strengthen diplomatic relations, and enhance its global image.
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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
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Pakistan Fear Mounts As Final Outcome Of Loan Talks With China Appears Bleak
Concerns are escalating within Pakistan's financial sector as negotiations with Chinese authorities over rescheduling energy sector loans have encountered complications, Dawn reported.
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China To Send More Pandas To San Diego Zoo In US
China said Thursday it had signed agreements to send pandas to a zoo in San Diego, after nearly all the beloved black-and-white animals on loan in the United States were returned during years of diplomatic tensions.
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IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
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98% Of China Funding To Pakistan Were In "Less-Than-Generous" Loans: Report
As much as 98 per cent of China's development funding for its all-weather ally Pakistan came in the form of "less-than-generous loans", with only two per cent coming in the form of grants between 2000 and 2021, according to a research report.
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Amid China Loan Talks, Pak Army Chief's "Throw Out Beggar's Bowl" Remark
Pakistan's Army Chief Syed Asim Munir underlined the need to make the country self-reliant to end the dependency on foreign loans, which the cash-strapped nation recently secured with the International Monetary Fund (IMF), Geo News reported.
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Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
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Thailand Mourns Death Of 21-Year-Old Panda On Loan From China
A giant panda on loan from China to Thailand who captivated animal lovers through a 24-hour live broadcast of her antics died on Wednesday aged 21, said the zoo where she was housed.
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China Rolls Over $2 Billion Loan To Cash-Strapped Pakistan
Pakistan's finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.
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China Spent $240 Billion Bailing Out 'Belt And Road' Countries: Report
China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study published Tuesday.
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Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
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ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
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Cash-Strapped Pakistan To Receive $500 Million From Chinese Bank
A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan within the next few days, bringing the total of commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.
-
Pakistan Requests $ 1.4 Billion Loan From China Amid Financial Challenges
In a bid to address its persistent external financing issues, Pakistan has formally requested a supplementary loan of 10 billion yuan (CNY) (approximately USD 1.4 billion) from China.
-
Finland Zoo To Return 2 Giant Pandas To China Because They Are Too Expensive To Keep
Since 1949, China has strategically loaned giant pandas to foreign zoos to foster trade ties, strengthen diplomatic relations, and enhance its global image.
-
China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
-
Pakistan Fear Mounts As Final Outcome Of Loan Talks With China Appears Bleak
Concerns are escalating within Pakistan's financial sector as negotiations with Chinese authorities over rescheduling energy sector loans have encountered complications, Dawn reported.
-
China To Send More Pandas To San Diego Zoo In US
China said Thursday it had signed agreements to send pandas to a zoo in San Diego, after nearly all the beloved black-and-white animals on loan in the United States were returned during years of diplomatic tensions.
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
98% Of China Funding To Pakistan Were In "Less-Than-Generous" Loans: Report
As much as 98 per cent of China's development funding for its all-weather ally Pakistan came in the form of "less-than-generous loans", with only two per cent coming in the form of grants between 2000 and 2021, according to a research report.
-
Amid China Loan Talks, Pak Army Chief's "Throw Out Beggar's Bowl" Remark
Pakistan's Army Chief Syed Asim Munir underlined the need to make the country self-reliant to end the dependency on foreign loans, which the cash-strapped nation recently secured with the International Monetary Fund (IMF), Geo News reported.
-
Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
-
Thailand Mourns Death Of 21-Year-Old Panda On Loan From China
A giant panda on loan from China to Thailand who captivated animal lovers through a 24-hour live broadcast of her antics died on Wednesday aged 21, said the zoo where she was housed.
-
China Rolls Over $2 Billion Loan To Cash-Strapped Pakistan
Pakistan's finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.
-
China Spent $240 Billion Bailing Out 'Belt And Road' Countries: Report
China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study published Tuesday.
-
Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
-
ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
-
Cash-Strapped Pakistan To Receive $500 Million From Chinese Bank
A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan within the next few days, bringing the total of commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.
