Power Division raised Rs. 200 Billion though Islamic Sukkuk.

ISLAMABAD -- Power Division has raised Rs. 200 Billion though Islamic Sukkuk at all-time less than Kibor rate (minus Kibor).

This was done though comparative book building at Pakistan Stock Exchange (PSX) though an open

and transparent process, said a statement issued here Wednesday.

This loan will substitute more expensive loans of the power sector. Compared to the previous loans and

Sukkuk, this current Sukkuk will save about Rs. 19 billion of debt servicing over 10 years time.

Federal Minister for Power and Petroleum Mr. Omar Ayub Khan and Secretary Power, Irfan...