Money Files

KARACHI: Finance Minister Shaukat Tarin said Sunday that the government has allocated large funds for the development of small and medium enterprises while some foreign groups are also keen to provide a credit line of $250 million to SMEs.

NEW YORK: Warren Buffett is considered expert in many things in the financial world. Credit cards, apparently, are not among them.

Icelandic negotiators may return home on Monday from London if no new meetings are called with British officials over the Icesave debt crisis, Icelandic Radio quoted a finance ministry spokesman as saying.

The government should continue to provide a favorable business environment for large enterprises because it would increase employment demand and facilitate the nation’s overall economic development, Minister of Finance Lee Sush-der said.

THE complex array of taxpayer-funded perks for federal politicians would be radically simplified and new caps imposed on allowances, benefits and entitlements under proposals drawn up by the Department of Finance and Deregulation.

The new credit card report rules that went into effect last week make it easy for consumers to understand their payment situation.

Consumers finally got some relief from abusive credit card practices last week. Not so small businesses, who continue to pay fees they cannot negotiate and cannot elude if they want to remain in business. Visa, MasterCard, and the banks that issue their cards take as much as 3 percent off the top of every transaction in the form of interchange fees

ASHEVILLE — Jenny Street put her two-bedroom, one-bath home in West Asheville on the market with the usual worry — that it would linger there for months.

It’s meant to jolt borrowers from the complacency of debt: A new credit card statement that spells out the price of making only minimum payments.

MONTROSE — Cindy Bennet is Montrose County’s new finance director, the county announced Wednesday. She replaces Nita Emerson, who retired last year.