ECC approves Rs8bn bridge financing for PIAC

MG News | October 28, 2023 at 12:36 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 28, 2023 (MLN): The Economic Coordination Committee (ECC) on Friday approved the proposal for bridge financing worth Rs8 billion for Pakistan International Airlines Corporation (PIAC) through the Civil Aviation Authority's (CAA) resources to address urgent requirements related to overdue payments, as per a press release issued on the same day.

The Aviation Division tabled the proposal to provide financial support to PIACL through the CAA for certain emergent needs of the airline.

The ECC also allowed the Aviation Division to proceed with the bilateral arrangement between the CAA and PIA.

The Caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar also chaired the meeting of the ECC of the Cabinet.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,495.00	64,550.00 63,875.00	280.00 0.44%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%