Tag: Default
Sindh govt defaulter of Rs 70bln electricity dues, NA body informed
The National Assembly’s Standing Committee on Water and Power was informed Monday that the government of Sindh has to pay Rs 70 billion to...
Circular debt surpasses Rs300 bln as number of defaulters surges
WAPDA has failed to recover outstanding dues amounting to Rs 233 billion from the defaulters so far despite tall claims by the Ministry of...
Congress pulls US back from brink, averts default
The United States was spared the ignominy of a disastrous debt default on Wednesday when Congress passed a bill extending the nation's borrowing authority...
The Polo Lounge defaults on rent
In the four years it has been in business, The Polo Lounge which is a very upscale and prominent restaurant in Saidpur village has...
Greece default likely: Sweden’s Borg
Attempts to help Greece avoid bankruptcy appear doomed to fail, Swedish Finance Minister Anders Borg said Thursday, adding however that Athens might still manage...
TMA recovers Rs 34m from defaulters
On the special directives of Rawal Town Administrator Anwar Saif Jappa, the taxation branch has accelerated the recovery campaign and has recovered Rs 34...
Will Pakistan default in 2012?
We have devastated the economy in the last four years. Starting from March 2007 to date, we have ruined the living standard of the...
PSO seeks Rs17 billion immediately to avoid default
The cash strapped public sector entity Pakistan State Oil (PSO) has sent a SOS to the government seeking immediate release of Rs 17 billion...
Biden tells China: US will never default on debt
US Vice President Joe Biden said Sunday that the world's biggest economy would never default on its debts, during a visit aimed at boosting...
Obama unfurls 11th-hour deal to avert US default
President Barack Obama announced an 11th-hour deal with Congress to avert an unprecedented default on US debt payments, triggering a widespread rally on stock...
Pakistan safe from US default crisis
In case of US government default there will be no impact on Pakistan’s trade as it is not dependent on the USA. However, in...
S&P warning adds default threat to Greece’s bailout woes
Greece would likely be in default if it follows a debt rollover plan pushed by French banks, Standard & Poor’s (S&P) warned on Monday,...
S&P warns of ‘selective default’ for Greece
Plans to roll over Greece's sovereign debt could risk putting the country into a selective default, ratings firm Standard & Poor's warned Monday.
Eurozone finance...
Threatening debt default, has US become the new Argentina?
Tea Party Republican Paul Ryan doesn’t want to pay bondholders. Tea Party Conservative Paul Ryan doesn’t want to pay our bills. Ironically, the party...
Murtaza Khar acquitted from Rs 611m default case
An accountability court on Monday acquitted Ghulam Muhammad Murtaza Khar, younger brother of former Punjab governor Ghulam Mustafa Khar, in a reference of willful...
Vast majority of textile firms on KSE default counter
Despite being the most heavily incentivised sector, a large number of textile companies listed at Karachi Stock Exchange (KSE) have been on the default...
Loan default case against Murtaza Khar put off until 28th
An accountability court on Thursday adjourned the hearing of a reference of wilful default of Rs 610.926 million filed against Malik Ghulam Murtaza Khar,...
