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Lafarge Jordan files for insolvency Written by Global Cement staff 27 May 2021 Jordan: Lafarge Jordan has had its insolvency filing approved by a court in Jordan. The Jordan Times has reported that the company has capital of US$84.6m, while its accumulated losses are US$169m. It has blamed weak demand and an inability to cope with variable operating and administrative costs made worse by the coronavirus crisis. The company said that it plans to continue its reform process so that it is able to meet its obligations under insolvency law. It added, “The company intends to adopt a well-thought-out and actionable financial plan to pay off its debts and meet its liabilities within reasonable legal periods and in agreement with creditors.” ....
National May 21, 2021 ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari said on Thursday that Prime Minister Imran Khan had spent his time in office touring the world, begging bowl in hand to get alms for Pakistan. “The myopic and short sighted policies of the prime minister had brought Pakistan on the verge of devastation and there is a very clear and present danger that the country will go bankrupt if the selected prime minister completes his five-year term. The damage being done to the country is so severe that it may take years for the following governments to undo it,” he said in a statement on Thursday. Bilawal Bhutto Zardari said Pakistan had been reduced to a country surviving on the kindness of friendly nations as never before had our country been so dependent on aid and loans. “It is a travesty that we have gone from a country that demanded ‘trade not aid’ under former president Asif Ali Zardari, to a country that is consta ....
National May 21, 2021 ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari said on Thursday that Prime Minister Imran Khan had spent his time in office touring the world, begging bowl in hand to get alms for Pakistan. “The myopic and short sighted policies of the prime minister had brought Pakistan on the verge of devastation and there is a very clear and present danger that the country will go bankrupt if the selected prime minister completes his five-year term. The damage being done to the country is so severe that it may take years for the following governments to undo it,” he said in a statement on Thursday. ....
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak is not yet a bankrupt despite his alleged failure to pay the Inland Revenue Board (LHDN) RM1.69bil in additional income tax arrears. ....