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Islamabad: The Economic Coordination Committee (ECC) of the Cabinet has approved the Ministry of Water`s proposal for the issuance of WAPDA`s debut $500 million Eurobonds for the arrangement of finances for Diamer Bhasha and Mohmand Dams.

Read More: Norway to reinforce cooperation with Pakistan in the renewable energy industry

Minister for Privatization Mohammad Mian Soomro, Minister for Energy Omar Ayub, Minister for Industries and Production Hammad Azhar, Adviser to the PM on Commerce Abdul Razak Dawood, Minister for Railways Azam Khan Swati, Special Assistant to the PM (SAPM) on Petroleum Nadeem Babar, SAPM on Power Tabish Gauhar, Minister for Maritime Affairs Ali Haider Zaidi, Minister for Water Resources Faisal Vawda and SBP Governor Reza Baqir partook in the gathering.

The ECC additionally endorsed alterations in the all-inclusive strategy for setting up five terminals, including two LNG terminals, two multipurpose payload terminals, and one coordinated compartment terminal on the formwork move (BOT) premise.

Read More: Virgin Islands Court approached to enforce Reko Diq award against Pakistan

Additionally, the ECC likewise affirmed various TSGs, including Rs757.100 million under Sustainable Goals Achievement Program (SAP), Rs500m for repayment of the expense for less created regions as mentioned by the HEC, Rs500m for the Ministry of Housing and Works to give revenue-free credits to borrowers under the Prime Minister’s Low-Cost Housing Scheme, Rs4,189 million for the execution of improvement plans for Sindh and Balochistan regions under PSDP and Rs327 million for the AGP to support the World Bank’s public monetary services and responsibility administration conveyance venture during FY21.

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