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Polish Kruk buys liabilities worth PLN 760m in 2015

WARSAW: Poland’s largest bulk debt collector Kruk signed an agreement with Piraeus Bank Romania to purchase a liabilities portfolio valued at PLN 761 million for PLN 50 million, the firm’s CEO informed. “The agreement is a result of our eight-year experience in Romania and a leading position in the market. To us, the transaction means. Read More »

PSM shut adding Rs53b losses to its Rs258b debt

KARACHI: Pakistan Steel Mills’ (PSM) shutdown for the last three week has added Rs53 billion losses to its Rs258 billion debts and liabilities in 16 months. This is for the first time in three decades that the PSM has been shut down for such a long time just owing to poor maintenance and operational procedures. Pakistan’s biggest industrial complex was ... Read More »

CEC declares 33 ‘defaulter’ MPAs in KPK as nonfunctional

ISLAMABAD: The Election Commission of Pakistan (ECP) has issued the names of Members of the Provincial Assembly, Khyber Paktunkhwa who have failed to file their statements of assets and liabilities. “Now, therefore, in pursuance of sub-section (3) of Section 42A ibid and in exercise of all others powers enabling it in that behalf, the Election Commission is pleased to notify ... Read More »