Pakistan To Mortgage Airports, Expressways To Lower The Interest Of Its Loan
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| Edits: NewsTapGlobal |
The Pakistan government will be mortgaging the country’s major airports and road network and issuing Sukuk bonds, Federal Information Minister Fawad Chaudhry announced after a cabinet meeting on Tuesday. The summary to mortgage government assets for large-scale borrowing through issuance of Sukuk bonds was approved by the federal cabinet. According to the summary, Sukuk bonds will be issued and loans will be taken out, keeping Islamabad Expressway, Islamabad-Peshawar Motorway, Pinid Bhattia-Lahore motorway section, and airports of Lahore, Islamabad and Multan as collateral. According to sources, it will be possible to get a loan at a lower interest rate than other sources by mortgaging government assets.
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