Pakistan may lose IMF aid
International Monetary Fund managing director Michel Camdessus said yesterday that Pakistan could lose its IMF aid if democracy were not restored after the military coup that deposed prime minister Nawaz Sharif.

PSU bank chief to waive loans up to Rs 50 lakh
The Reserve Bank of India has decided to enhance the powers of chairman and managing directors of public-sector banks to waive/write off loans up to Rs 50 lakh, against Rs 10 lakh earlier.

Moody's not yet ready to upgrade India's rating
Managing director and co-head of Moody's, David Levey said that revision in India's sovereign rating will depend on the continuation of reforms process and the reining in of fiscal deficit.


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