51. Today, after servicing its debt and maintaining its military, Pakistan has little left over to support health and education. 52. Wisely, the Russian authorities have suspended servicing their debt. 53. With stable cash flow, the fixed-line business is better able to service debt than are cash-hungry units like wireless, he said. 54. A third of major manufacturers could not earn enough to service their debt last year. 55. Among the features of the proposed budget are a more aggressive approach to servicing national debt. 56. Anthony said companies which were able to service their debts would not have to participate in the framework. 57. As the economy began to contract two years ago, many of those companies had trouble servicing their debt. 58. As in debt reconstruction exercises, the benefit to borrowers is apparent in the extension of time given to them to service their debts. 59. But when the economy began to contract two years ago, banks that lent heavily to expanding corporations during the boom had trouble servicing their debt. 60. Corporations, especially those with foreign debts, suffered serious cash-flow problems and, therefore, they could no longer service their debts even to local banks. |