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loans

222 people who got loans waived off put on notice

ISLAMABAD: The Supreme Court of Pakistan on Sunday issued notices to two hundred and twenty two individuals and companies for getting their loans waived off. A two-member bench of the apex court, headed by Chief Justice Mian Saqib Nisar,…

German online bank uses Bitcoins to transfer loans

BERLIN: German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend…

Each Pakistani indebted of Rs. 0.115 mln

ISLAMABAD: Each Pakistani citizen owes Rs. 115,000 loan, the central bank disclosed in its recently released figures. According to the statistics released by the State Bank of Pakistan (SBP), the volume of the loans borrowed by the…

EU banks at risk from bad loans, low profit: regulator

LONDON: The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc's financial regulator said in a report Friday. The European Banking Authority said that while EU-wide lenders had…

JI chief wants truth behind Panama leaks in public

LAHORE: Emir Jamaat-e-Islami Siraj-ul-Haq has said that all those who got their loans waived off should be behind bars, ARY News reported. He was speaking to media in Lahore on Sunday. JI chief said, "Whether it be Panama, London or…