Business

WASHINGTON (Staff Report) – The United States Overseas Private Investment Corporation and K-Electric Limited on Thursday singed a commitment letter of cooperation in Washington.


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Finance Minister Ishaq Dar was also present in the ceremony.

According to the agreement US Overseas Private Investment Corporation will provide 250 million dollars to K-Electric in ten years.

Speaking on the occasion Dar said that overcoming energy shortage in the country is among the top most priority areas of the PML-N Government.

The Minister said Government is not only starting projects in the public sector but is also giving incentives to the private sector to invest in energy projects.