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Minister for Finance and Income Ishaq Dar clarified that Shell Petroleum Firm will not be closing its enterprise in Pakistan. He mentioned the corporate is promoting its shares to a different worldwide investor.
“Shell will not be closing its enterprise in Pakistan. Any determination that the corporate takes, it’s sure to implement the federal government’s choices,” mentioned the finance minister whereas talking throughout a press convention.
Dar mentioned that Shell needed to promote its shares to a world investor, nevertheless, the workers will proceed to work.
“Shell firm will not be taking cash overseas by promoting its shares. The speculations are baseless,” mentioned Dar, including that it will “not influence the nation.”
The Finance Minister says Pakistan will quickly obtain one billion {dollars} mortgage from China. He mentioned the mortgage shall be obtained beneath state to state settlement.
Dar mentioned Pakistan repaid one billion {dollars} of China Improvement Financial institution and 300 million {dollars} of Financial institution of China this month. He mentioned Pakistan was not charged with any positive for early compensation.
The Minister mentioned after compensation of loans Pakistan obtained one billion {dollars} mortgage from China Improvement Financial institution on Friday. He mentioned Pakistan will even obtain 300 million {dollars} from Financial institution of China in coming few days.
He reiterated the federal government’s resolve to make sure well timed cost of all exterior liabilities.
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