Economic Coordination Committee at its meeting in Islamabad on Tuesday decided that there will be no gas load-shedding this winter.
The meeting was chaired by Finance Minister Asad Umer.
It also allowed Ministry of Energy to raise Islamic financing for power sector through Power Holding Private Limited.
The ECC also allowed the Power Division to avail Islamic funding to pay off circular debt for which a committee has already been formed. The committee will decide on the procedure for the Islamic funding.
According to sources, approximately Rs100 billion in loans would be taken from Islamic banks.
from Latest News - SUCH TV https://ift.tt/2DKeijU
No comments:
Post a Comment