Thursday, September 23, 2010

Geo436.com blog: Banks write off loans worth over Rs50b in 2 years

Geo 436 ISLAMABAD: The National Assembly has been told that national banks have written off loans worth at least Rs50 billion in a span of last two years, Geo News reported Thursday. It should be mentioned here that Pakistan is buckling under a debt juggernaut comprising over $31.16 billion borrowed from International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB)


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