Staff Report
ISLAMABAD:
The government has completed the first payment transaction of 40 percent to 20 Independent Power Producers (IPPs).
As per details, Finance Division has completed this transaction in coordination with relevant organizations / departments including State Bank of Pakistan and Power Division. And, the total amount is Rs. 89.2 billion which will be equally divided in cash, 5 years’ Sukuk and 10 years’ PIBs.
The finance division, in a statement, said that in compliance with the directives of the Prime Minister Imran Khan and under guidance of the Finance Minister, the government has completed the first payment transaction of 40% to 20 IPPs amounting to Rs. 89.2 billion equally divided in cash 5 years’ Sukuk and 10 years’ PIBs.
