Donors dismiss request for diverting loans to power projects

ISLAMABAD: Foreign donors have turned down Pakistan’s request for diverting unspent loans to transmission line projects for the supply of electricity from new nuclear power plants, being set up near Karachi, to consumers.

“Donors have not expressed any interest in relation to the government of Pakistan’s plea for diverting loans to power projects,” a senior government official said while talking to The Express Tribune.

Foreign donors are taking millions of dollars in commitment charges for the loans that the government of Pakistan cannot utilise on time due to delay in execution of different projects.

Published in The Express Tribune, 8th May, 2018