Wapda exploring avenues to raise $2 billion financing

Wapda exploring avenues to raise $2 billion financing

The Water and Power Development Authority (Wapda), besides execution of mega hydropower projects including Mohamand, Dasu and Diamer Basha hydropower project, is currently undertaking its credit rating process with the aim to diversify its financing avenues through a green Eurobond issuance. According to sources Wapda aims to issue up to $500 million of long-term dollar-denominated […]

Large steel producers looking for government support

Large steel producers looking for government support

Pakistan Association of Large Steel Producers (PALSP) has declared that any opposing decision of tariff on steel sector will lead to shutting of the industry. As a frame of large, documented and integrated steel manufacturers that represent over 60% of the primary steel output of Pakistan, there are over 200 units that are engaged in […]

PARCO’s new hierarchy approved by PM

PARCO’s new hierarchy approved by PM

Prime Minister Imran Khan has agreed on the re-establishment of Board of Directors (BoD) of Pak Arab Refinery Limited (Parco), a public sector limited company registered under the Companies Act, 2017. This company is a joint venture between the Government of Pakistan (GoP) and Abu Dhabi Petroleum Investment Company (ADPIC) with a share of 60:40 […]

Rs51bn relief package announced for small businesses

Rs51bn relief package announced for small businesses

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh, while chairing the meeting of Economic coordination committee (ECC), approved the “Chota Karobar- o-Sannat Imadadi package” worth Rs50.69 billion. The Ministry of Industries and Production had prepared the “Chota Karobar-o-Sannat Imadadi Package” in consultation with Small and Medium Enterprises Development Authority (SMEDA). The project aims […]