Pakistani and foreign banks are extending a combined Rs20.5 billion loan facility to Pak Arab Refinery Company (PARCO) that will go towards helping the company reduce operating cost and improve its profitability, said Finance Minister Shaukat Aziz. (US$1=Rs 57). He was speaking at the recent signing ceremony of the long-term syndicated financing deal for PARCO….
PAKISTAN: Banks extend Rs 20.5 billion facility to Pak Arab Refinery Co
Posted on May 26, 2004 by EnergyAsia