Finance division refuses to waive PKR 139mn guarantee fee for Wapda loan.
The Finance Division and the Economic Affairs Division (EAD) have refused to back a proposal for waiving the guarantee fee of Rs139 million on a loan taken by the Water and Power Development Authority (Wapda) during the tenure of Pervez Musharraf's government to meet financial obligations of power distribution companies. Wapda took a loan of $125 million from Standard Chartered Bank in June 2007 with government guarantee. The loan was partially paid in two installments of $25 million each in 2009. The...
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