Helping hand: SNGPL enters into loan agreement

The agreement signed with a consortium of banks worth Rs17.70 billion

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) has entered into a loan agreement worth Rs17.70 billion with a consortium of banks. Bank Alfalah Limited, UBL, HBL, ABL, Askari Commercial Bank, Dubai Islamic Bank, Meezan Bank and Faysal Bank are a part of the consortium. According to the agreement, the loan will be repaid in a time span of seven years. SNGPL managing director signed the agreement on behalf of the company.

Published in The Express Tribune, May 9^th,  2015.

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