PTI govt waives guarantee fee on Chinese loans taken to build nuclear plants in Karachi

The federal government has waived the guarantee fee on the Chinese loans being taken to construct two nuclear power plants in Karachi and also sought a report on the total outstanding employee-related liabilities of the Pakistan Steel Mills (PSM)

Sep 24, 2020
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The federal government has waived the guarantee fee on the Chinese loans being taken to construct two nuclear power plants in Karachi and also sought a report on the total outstanding employee-related liabilities of the Pakistan Steel Mills (PSM).

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to write off 0.5% guarantee fee on the foreign loans of the K2/K3 projects. The decision will help reducing the power projects construction cost by Rs12 billion, said a handout of the Ministry of Finance.

 Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh chaired the ECC meeting.

China had extended $6.5 billion loans for the construction of the Karachi Nuclear Power Plants which have a combined generation capacity of 2,200 megawatts.

https://tribune.com.pk/story/2265352/pti-govt-waives-guarantee-fee-on-chinese-loans-taken-to-build-nuclear-plants-in-karachi

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