#sovereign-debt
Pakistan leads UN-backed Borrowers' Platform on sovereign debt
Pakistan leads UN-backed Borrowers' Platform on sovereign debt as Finance Minister Muhammad Aurangzeb takes charge of its Governing Council. The role puts Islamabad at the centre of discussions on Pakistan debt management, external debt servicing and developing country debt reform. Pakistan debt management Pakistan has assumed the chairmanship of the Governing Council of the Borrowers' Platform, an initiative designed to give developing
Pakistan leads UN-backed Borrowers' Platform on sovereign debt
Pakistan leads UN-backed Borrowers' Platform on sovereign debt as Finance Minister Muhammad Aurangzeb takes charge of its Governing Council. The role puts Islamabad at the centre of discussions on Pakistan debt management, external debt servicing and developing country debt reform. Pakistan debt management Pakistan has assumed the chairmanship of the Governing Council of the Borrowers' Platform, an initiative designed to give developing
MTNL Defaults on Rs 8,585 Crore Payments, Owes 7 Public Sector Banks
Mahanagar Telephone Nigam Ltd (MTNL), the state-run telecom firm, is facing a fresh financial crisis as it defaults on a significant sum of Rs 8,585 crore in principal and interest payments to a group of seven public sector banks. The default was officially confirmed by MTNL in a filing to stock exchanges, highlighting the ongoing struggles of the company. The unpaid debt includes Rs 7,794.34 crore in principal and Rs 790.59 crore in interest.
MTNL Defaults on Rs 8,585 Crore Payments, Owes 7 Public Sector Banks
Mahanagar Telephone Nigam Ltd (MTNL), the state-run telecom firm, is facing a fresh financial crisis as it defaults on a significant sum of Rs 8,585 crore in principal and interest payments to a group of seven public sector banks. The default was officially confirmed by MTNL in a filing to stock exchanges, highlighting the ongoing struggles of the company. The unpaid debt includes Rs 7,794.34 crore in principal and Rs 790.59 crore in interest.









