by Prithvi Man Shrestha in The Kathmandu Post,Dec 16, 2023The alleged loan sharks who had initially asked for as much as Rs7.62 billion, have settled for only R1.72 billion during negotiations facilitated by an inquiry commission formed to address loan sharking problems. The significant reduction in settlement amounts suggests the lenders had inflated their claims and may have lent much less than the amounts indicated in the tamasuks, personal mortgaging contracts with borrowers. “Would they…
Posts tagged as “hints”
Report in Dawn, Oct 3rd, 2023KARACHI: Former PPP senator Mustafa Nawaz Khokhar has hinted that the formation of a new political party can be announced as early as this month. The former PPP senator, who parted ways with his party Khokhar last year, had been on a speaking tour of the country alongside former PM Shahid Khaqan Abbasi and ex-finance minister Miftah Ismail. The trio has long been hinting at introducing a new force into…
By Saman Indrajith in The Island, Feb 24, 2023SBJB MP Harsha de Silva said that he had asked the Gotabaya Rajapaksa administration to seek IMF assistance in 2020. “At that time a U.S dollar was selling at Rs 200. The interest rates were around six percent. Inflation was around six percent. The situation is completely different today. Our interest rates are around 35 percent and the inflation is over 50 percent. Dollar sells at Rs…