The government of Pakistan and EXIM Bank of Korea have signed a loan agreement worth US$80 million for energy sector reforms. Minister for Economic Affairs, Muhammad Hammad Azhar witnessed the signing ceremony of loan agreement worth US$80 million with EXIM Bank Korea here at Economic Affairs Division, said a press release issued here.

Loan agreement was signed by Secretary EAD Pervaiz Abbas and Director (Asia Region) Yang Dongcheol of EXIM Bank Korea. This programme aims to address the fiscal, Governance, technical and policy deficits in Pakistan's Energy Sector, which will help in bringing economic sustainability and fiscal balance. It will support the new national energy policy and integrated energy plan being formulated by the current government.-PR

Copyright Business Recorder, 2019