ECC Issues sovereign guarantees for Rs. 110 Billion

MG News | July 25, 2017 at 05:23 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

Finance Minister, Senator Mohammad Ishaq Dar chaired meeting of the Economic Coordination Committee of the Cabinet at PM's Office

ECC approved issuance of sovereign guarantees by Ministry of Finance in respect of Fresh Syndicated Term Finance Facilities for four projects of Rs. 30.95 billion, Rs. 40 billion, Rs.25 billion, Rs.15 billion for Power Holding (Private) Limited to set off / adjust existing facilities.

ECC also approved another proposal to extend Tenor and Grace Period in respect of Term Finance Facility of Rs.82 billion for Power Holding (Private) Limited.

ECC accorded approval of Standard Implementation Agreement under Policy Framework for Private Sector Transmission Line Projects, 2015 and Project Specific Transmission Services Agreement.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,285.78 248.39M	1.02% 1766.97
ALLSHR	106,536.82 578.97M	1.02% 1073.42
KSE30	52,320.98 90.24M	1.18% 611.36
KMI30	246,775.63 72.73M	0.99% 2407.71
KMIALLSHR	68,372.65 345.21M	0.84% 569.39
BKTi	49,718.24 37.75M	1.43% 700.72
OGTi	35,126.27 7.30M	0.44% 154.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,670.00	65,105.00 64,480.00	-415.00 -0.64%
BRENT CRUDE	84.60	85.55 84.40	-0.35 -0.41%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	0.65 0.54%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.40	80.59 79.27	-0.20 -0.25%
SUGAR #11 WORLD	14.86	14.99 14.71	-0.02 -0.13%