1720Pakistan Current AffairsMedium
The Water and Power Development Authority (WAPDA) is set to raise a international commercial loan of __________ through Euro bonds to meet foreign finance needs?
A$100 Million
B$500 Million
C$700 Million
D$300 Million
Correct answer
B. $500 Million
Explanation
The Water and Power Development Authority (Wapda) is set to raise $500 million international commercial loans through Eurobonds to meet foreign financing needs of Diamer-Bhasha and Mohamand dams. The Economic Coordination Committee (ECC) of the cabinet, which meets later this week, is expected to formally approve the launch of the Wapda bonds abroad besides taking a decision on the fate of Liquefied Petroleum Gas (LPG) air-mix plants.