ISLAMABAD : Minister for Power, Sardar Awais Ahmad Khan Leghari has announced completion of Rs 869. 6 billion PHL settlements with local banks.
” Alhamdolillah ! Delighted to announce the successful completion of Rs. 659.6 billion PHL settlements, comprising Rs 399.6 billion redemption of PES I & II executed through in NDM (off-market transaction) through capital markets which is Pakistan’s largest-ever debt market transaction, alongside settlement Rs 259.7 billion in various syndicated financing facilities, ” he said on X.
The NDM part of this transaction is true reflection of strength of our capital market eco system and capability to handle large scale strategic financial operations.
He further stated that this landmark transaction is a core component of the Rs 1. 225 trillion Circular Debt Reduction Plan, reflecting strong institutional confidence in Pakistan’s economic reforms, government initiatives and the depth of our capital and Islamic finance ecosystem.
” The Government remains committed to structural energy sector reforms alongwith long-term fiscal stabilization and look forward for engagement with all stakeholders to accelerate reform-driven growth,” he said.
ENDS
