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ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams

ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams   Published On The ECC approved amendments in the Master Plan for establishing five terminals ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Federal Cabinet Thursday approved the Ministry of Water Resources’ proposal in principle for the issuance of WAPDA’s debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand dams. The ECC, which met with Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh in the chair, directed for working out modalities for the issuance of the bonds in consultation with the Finance Division and the State Bank of Pakistan (SBP), according to a Finance Ministry press release.

ECC Allows WAPDA to Issue $500 Million Eurobonds

ECC Allows WAPDA to Issue $500 Million Eurobonds Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Sheikh, chaired the meeting of the Economic Coordination Committee (ECC) today. Ministry of Water Resources presented a summary for the issuance of Water and Power Development Authority’s (WAPDA) debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand Dams. The ECC approved the issuance of $500 million Eurobonds and directed the Minister of Water Resources to work out the modalities in consultation with the Finance Division and the State Bank of Pakistan (SBP). Ministry of Planning, Development, and Special Initiatives presented a detailed presentation on Karachi Transformation Plan (KTP) before ECC. The forum discussed the plan thoroughly and endorsed, in principle, with the direction to secure approval from all relevant quarters before submission to Cabinet. The Chair directed to follow all codal formalities regarding various components of KTP.

ECC to approve funds for gas projects | The Express Tribune

ECC to approve funds for gas projects It will also mull request for amendment to PQA master plan for LNG terminals Any funding provided by GHPL to ISGS as a stopgap arrangement will be reimbursed to GHPL by the Finance Division from GIDC funds within three months of the cash call made by ISGS. PHOTO: FILE ISLAMABAD: The Economic Coordination Committee (ECC) is set to approve a funding plan for gas import projects, mainly for laying a gas pipeline in collaboration with Russia for the transmission of imported gas. The Supreme Court had earlier given directive for implementing a liquefied natural gas (LNG) pipeline project from Karachi to Lahore by utilising funds collected as gas infrastructure development cess (GIDC).

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