ISLAMABAD, Dec 31 (APP):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.
Minister of Energy @Hammad_Azhar Tweet #APPNews @MoIB_Official @MoWP15 @SNGPLofficial pic.twitter.com/DGNIbA3FbO
— APP 🇵🇰 (@appcsocialmedia) December 31, 2021
“Due to this debt swapping arrangement, savings of Rs. 804 million (approx) will be achieved over remaining tenor,” he said in a tweet.
