ISLAMABAD (Every day Pakistan On-line): The federal authorities has determined to take a mortgage for funds assist by mortgaging F-9 Park in Islamabad overlaying an space of 750 acres. In trade for the park, a lease will likely be issued.
In accordance with personal TV Abtak Information, the federal authorities has determined to take a mortgage for monetary difficulties and funds assist. The federal authorities has determined to take a mortgage by mortgaging F-9 Park Islamabad. A mortgage for funds assist will likely be obtained by mortgaging 750 acres of park land. A lease sukuk bond will likely be issued in trade for the park.
The Finance Ministry has despatched a abstract to the Cupboard whereas the NOC has additionally been issued by the CDA. The three banks have shaped a consortium to problem home and worldwide monopoly Sukuk bonds.
It could be recalled that the federal authorities had taken a mortgage of Rs 500 billion by mortgaging Jinnah Worldwide Airport final yr, whereas in Could 2020, it had taken a mortgage of Rs 200 billion by mortgaging state-owned energy firms.