restructuring – BOL News Staging

Pakistani banks’ exposed to Sri Lankan economic crisis

April 18, 2022 by Tanvir Ali

KARACHI: Pakistan’s banks operating in Sri Lanka are in hot waters as their exposures of around Rs26.78 billion are at stake due to the worsening economy of the country. Analysts at Arif Habib Limited said that some of the Pakistani banks are exposed to the Sri-Lankan economy either through branch banking or investments in the … Read more

Evergrande looks to restructure, sets up risk committee

December 7, 2021 by Muhammad Zubair

BEIJING: Embattled property giant Evergrande plans what could become China’s biggest ever debt restructuring, wrapping in all its offshore obligations, reports said, as it established a risk committee before looming payment deadlines. The company’s struggles to meet its commitments have fanned concerns about China’s property sector, which forms a substantial part of the world’s second-biggest economy. … Read more

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