Independent Pakistan – I know what I believe I know

Pakistan secures Rs1.275 trillion Islamic finance deal to tackle power sector debt

ISLAMABAD: Pakistan has clinched a Rs1.275 trillion ($4.6 billion) Islamic finance facility from 18 commercial banks to confront its power sector’s ballooning debt, a pivotal step to shore up the economy and align with its $7 billion International Monetary Fund program, Power Minister Awais Leghari said Friday.

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