ISLAMABAD - The State Bank of Pakistan (SBP) is facilitating the Election Commission of Pakistan (ECP) by providing basic information about those candidates who have defaulted on loans they had obtained from various banks during the past five years.“We are providing information to the ECP ...

Alarming, though not so surprising, information that has come to public knowledge about the default the hundreds of the outgoing people’s representatives have committed in clearing their dues for the use of electricity and telephone facilities would have remained hidden had the Election ...

KANDAHAR (Reuters) - It is unclear if the United States will be able to pay troops on time in the event of a debt default, the top US military officer told troops in Afghanistan on Saturday. Admiral Mike Mullen, chairman of the US militarys Joint Chiefs of Staff, said Pentagon officials were ...

WASHINGTON (Reuters) - The United States edged closer on Tuesday to a devastating default as Republicans and Democrats were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act. President Barack Obama, in a televised address aimed at rallying public support ...

WASHINGTON (AFP) - The White House and top lawmakers hurriedly hunted Sunday for a deal to stop the world's richest country from an unthinkable and ruinous default on its debt just hours before Asian markets were to open. "We may have a few stressful days coming up, and stressful for the markets of ...

ATHENS (AFP) - Greece heads to another EU summit next week on fresh aid for its debt-wracked economy after evoking -- before pulling back -- the thorny notion of a selective default that could unleash a eurozone storm. The term is understood to mean a pick-and-choose approach to a country's ...

WASHINGTON (Reuters) - President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming debt default. Under pressure to reduce Americas 9.2 per cent jobless rate, Obama used his weekly radio and Web address ...

LAHORE-The recently sacked Punjab Finance Minister Tanvir Ashraf Kaira has alleged that Punjab is facing a default of over Rs 520 billions, while 96b had been wasted due to corruption out of total development budget of Rs193 billions. Addressing a news conference along with ex-PPP minister ...

KARACHI (APP) - The authorities of National Accountability Bureau (NAB) Sindh on Friday arrested two directors of private industry on allegations of willful loan default of Rs 174 million availed from National Bank of Pakistan (NBP). According to an announcement of National Accountability Bureau, ...

BEIJING (AFP) - Local governments in China are at risk of defaulting on loan repayments, state media said Thursday, following a state-sanctioned lending binge in 2009 aimed at boosting economic growth. The warning from the director of the National Audit Office highlights growing concerns among ...

KARACHI - Pakistan State Oil (PSO) may face default on its payment obligation for LCs for oil purchase from international market, if the issue of circular debt of the company is not resolved in few days. The circular debt has now touched the highest mark in the history of the PSO, as it is now ...

KARACHI - National Clearing Company of Pakistan (NCCPL) on Friday issued warning notices of default to the two brokers of Karachi Stock Exchange owing to not paying dues on the Continuous Funding System (CFS) counter. While about 35-40 members of KSE are said to be on the verge of default, The ...

KARACHI - The members of Karachi Stock Exchange have termed the government's new measures of launching Rs20 billion market support fund along with government guarantee of Rs30 billion to foreign portfolio investors as a move to restrict only the downside in the government listed companies and ...