SNGPL given Rs54 bln debt swap: Hammad Azhar

MG News | January 01, 2022 at 01:44 AM GMT+05:00

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Jan 01, 2022: Minister for Energy Hammad Azhar Friday said the Economic Coordination Committee (ECC) had approved the Petroleum Division’s proposal of debt swapping against a loan of Rs 54 billion secured by Sui Northern Gas Pipelines Limited (SNGPL) in 2016 for construction of a dedicated pipeline.

“Due to this debt swapping arrangement, savings of Rs. 804 million (approx) will be achieved over remaining tenor,” he said in a tweet.

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