A picture showing $100 bills. SOURCE: REUTERS Saudi Arabia on Thursday announced a $3 billion additional deposit to the State Bank of Pakistan (SBP) and extended an existing $5b deposit, in a move aimed at supporting the country’s economy. According to the state news agency SPA, the financial support is intended to enhance Pakistan’s economic stability…
The House of Representatives Public Accounts Committee, on Thursday, approved a package of financial reliefs and a 10-year debt restructuring plan totalling N248.64bn for three electricity distribution companies — Kano, Jos and Ikeja — in a bid to ease mounting liabilities and stabilise Nigeria’s fragile power market. The figure comprises N128.60bn in accrued interest on…
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0 The House of Representatives Public Accounts Committee has approved a N248.6 billion debt relief and restructuring package for Kano, Jos and Ikeja Electricity Distribution Companies (DisCos), as the total liabilities of power distribution firms climbed to N1.3 trillion. The committee’s decision followed the adoption of a report by its technical subcommittee, which reviewed findings…
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Saudi Arabia on Thursday announced a $3 billion additional deposit to Pakistan’s central bank and extended an existing $5 billion deposit, in a move aimed at supporting the country’s economy, Anadolu reports. According to the state news agency SPA, the financial support is intended to enhance Pakistan’s economic stability and strengthen its resilience in the face…