ISLAMABAD: Finance Minister Ishaq Dar has told the senate that more than a thousand private companies had got their debts write off from banks in past 30 years, while Rs280 billion have been got write off in the last three years during tenure of Pakistan Muslim League-N (PML-N)’s government, ARY News reported.
BEIJING: Chinese banks have written off more than $300 billion of bad loans in the past three years, an official said Thursday as Beijing seeks to reassure investors that the country can cope with its mounting debt problem.