ISLAMABAD -- As part of the government's reforms agenda, the Privatization Commission effectively pursued Privatization Program during last one year, for economic development, debt retirement
and poverty alleviation.
The State Bank of Pakistan's latest data shows the government borrowed Rs1.367 trillion from July 1 to Aug 2 (33 days) as against net debt retirement
of Rs20.2bn during the same period last fiscal year.
From the time of its announcement, to the last sale in the third quarter of 2018, the company completed 9 of the 11 asset sales generating gross proceeds of over $116M and net proceeds to RLH of $36.6M after consideration for market related costs and fees, debt retirement
and joint venture distributions.
ISLAMABAD -- The federal government has projected that it will spend Rs3.98 trillion on public debt retirement
in the upcoming fiscal year 2019-20 including foreign loan repayments and payment of interest on the huge debt pile.
GAAP) and represents diluted EPS from continuing operations excluding debt retirement
charges, merger and acquisition related expenses, and divestiture gains (Crestview & TCS businesses).
The debt retirement
of the scheduled banks is six times higher than the amounts recorded during the same period last fiscal year.
All the successive governments had been taking loans from different international financial institutions without any serious and pragmatic debt retirement
Dispo added that, "we held roadshows in Manila, Cebu and Davao during the offer period, and saw that Filipinos are in fact already diversifying their investments into dollars." Proceeds from the preferred shares offering will be used to partly fund strategic acquisitions, and for debt retirement
, capacity expansion, and research and development.
'Proceeds of the sale will be used primarily to fund the company's further expansion and debt retirement
, and complement its recent purchase of Quintel, a leading antenna solutions provider in the United States,' Cirtek said.
Excluding a loss on early debt retirement
and a gain from an asset sale, both booked in the second quarter, adjusted earnings are now projected to range between $430 and $4v10 per share, versus prior guidance of $4.20 to $4v40 per share.
During the outgoing fiscal year, the government had spent Rs1.8 trillion on public debt retirement
and interest payments.
The most recent quarter reflects $197 million in amortization of intangible assets, $65 million in acquisition-related transaction and integration costs, and a $101 million loss on early debt retirement
. Net income for the 2015 quarter included $160 million in pretax amortization of intangible assets, $127 million in acquisition-related transaction and integration costs, and $16 million in acquisition-related bridge financing costs.