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Govt to take loan in RMB, dollar ML-I

Pakistan agrees to borrow $6b for ML-I railway project in both Chinese, US currencies The ML-I project includes dualisation and upgrading of the 1,872km railway track from Peshawar to Karachi and is a major milestone for the second phase of CPEC. PHOTO: FILE ISLAMABAD: Pakistan has agreed to borrow $6 billion in both Chinese and US currencies for the largest project of China-Pakistan Economic Corridor (CPEC) and has also softened its position on interest cost, as it seeks early finalisation of a deal to start construction on the rail project. The government shared a revised loan term sheet with Beijing three weeks ago for securing the loan for Mainline-I (ML-I) project of Pakistan Railways, changing its position on interest rate and loan currency, said officials in the Ministry of Railways.

Ordering IPPs forensic audit govt s prerogative

Ordering IPPs forensic audit govt’s ‘prerogative’ The Power Division noted that no right of the government would be affected IPPs will implement the MoU with the receipt of power purchase dues of around Rs600 billion. PHOTO: REUTERS ISLAMABAD: The prerogative to conduct forensic audit of the Independent Power Plants (IPPs) rests with the government, said the Power Division, adding under no circumstances it gave up on any of its right during lengthy negotiations towards a reaching a final agreement with them. In a recent meeting, Cabinet Committee on Energy (CCoE) Chairman Asad Umar sought clarification whether any right of the government had been compromised and affected including forensic audit of the IPPs.

پنجاب میں کورونا وائرس سے اموات میں خوفناک اضافہ

پنجاب میں کورونا وائرس سے اموات میں خوفناک اضافہ
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حکومت ڈسکوز کے سی ای اوز، گیس یوٹیلیٹیز کے ایم ڈی تعینات کرے گی - Pakistan
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