Islamabad (Shadesofgalaxy Newspaper Latest. 06 February 2022) The government has prepared a plan to reduce the revolving debt in accordance with the terms of the IMF, preparing a plan of 543 billion to eliminate the revolving debt of the energy sector. Taken together, a total of Rs 543 billion has been planned. billion allocated to SSGC and SNGP. According to ARAI News, the government has prepared a revolving debt reduction plan as per the terms of the IMF, under which the finance ministry disbursed 543 revolving loans to eliminate the revolving debt of the power sector. Prepared. billion project, the government will give 241 billion to Sui Southern Gas in the form of revolving loans.
302 billion rupees will also be given by the government in the form of revolving loans to Sui Northern Gas.
A total of 543 billion will be allocated to SSGC and SNGP. The amount received by SSGC will clear the revolving loans of OGDCL. SSGC will pay 154 billion loan to COGDCL, 8 billion will be paid by SSGC government to private companies.
SSGC, OG will pay the amount to DCL, PPL and GHPL. Sui Northern Gas will pay Rs 172 billion to OGDCL, Sui Northern Gas will pay Rs 90 billion dues to PPL. Sui Northern Gas Government Holding will pay 40 billion to private companies. The US dollar started the trading week at higher levels but started off cheaper during the trading session.
The dollar fell by Rs 6 to Rs 271 in the interbank market. According to forex dealers, banks are selling the dollar to importers at Rs 274, the dollar is selling at Rs 277 in the open market. At the end of the last business week, the dollar closed at 276 rupees 58 paise in the interbank.