Related Keywords: coal power project, Credit line, development and operational expenses, electricity, financil needs, K-Electric, NBP, Pakistan textile city, sovereign guarantee, utility and infrastructure development, value added textile industries
Pakistan Textile City can avail another Rs 1.16 billion financing from National Bank of Pakistan (NBP) to meet its financial needs, as NBP has increased the credit line against sovereign guarantee. With this approval, overall credit line for Textile City reached Rs 3.16 billion compared to Rs 2 billion previously.
In 2008, a credit line of Rs 2 billion was provided to Textile City but the entire amount has already been consumed during the last couple of years on account of development and operational expenses.
