Ten years ago Chenab Limited defaulted on its loans. Now it looks towards second act - News Summed Up

Ten years ago Chenab Limited defaulted on its loans. Now it looks towards second act


And now the bank is spearheading the restructuring of the company’s Rs 10 billion overdue debt to the banking sector. The company started off by producing textile goods for the local market. As the case proceedings started, Latif still felt that his dream should not die. 9.5 billion debt was restructured for a period of 14 years. 1.7 billion was held by Habib bank followed by United bank held Rs 1.3 billion, Bank of Punjab held Rs.


Source: Libya Today December 04, 2023 04:33 UTC



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