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sovereign guarantees

ECC approves issuance of sovereign guarantees for four projects worth Rs110b

ISLAMABAD: The Economic Coordination Committee (ECC) has approved issuance of sovereign guarantees for four projects of worth Rs110 billion for Power Holding Private Limited to set off and adjust existing facilities. The approval was granted during the committee meeting chaired by Finance Minister Ishaq Dar held in Islamabad on Tuesday. The ECC also approved another proposal to extend Tenor and Grace Period in respect of Term Finance Facility of 82 billion rupees for Power Holding Private Limited. It accorded also…