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Rs1.275tr loans signed to ease circular debt

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[ad_1] KARACHI: Pakistan has signed term sheets with 18 commercial banks for a Rs1.275 trillion ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, government officials said on Friday. The government, which owns or controls much of the power infrastructure, is grappling with ballooning “circular debt”, unpaid bills and … Read more

Cristiano Ronaldo gifts signed shirt to Donald Trump with special message

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[ad_1] Football legend Cristiano Ronaldo has sent a signed Portugal shirt to US President Donald Trump, including a personal message that reads “playing for peace.” Ronaldo, currently playing for Al Nassr in Saudi Arabia’s Pro League, made the special gesture as Trump attends the G7 Summit in Alberta, Canada. While mingling with world leaders, Trump was … Read more