Wapda asked to raise Rs70bn loan

Prime Minister Shahid Khaqan Abbasi has reportedly directed Water and Power Development Authority (Wapda) to raise a loan of Rs70 billion from commercial banks to pay Net Hydel Profit (NHP) along with arrears to KPK and Punjab after both the provinces are unhappy on undue delay in clearance of their dues, well-informed sources told Business Recorder.

Published in Business Recorder, 21st December, 2017