PR gets loan worth Rs6b

PR gets loan worth Rs6b
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Summary Pakistan Railways have gained loan worth Rs 6 billion from National Bank.

This step has been taken by authorities; so that 96 stranded engines may be brought on track after their renovation. Pakistan Railways would have to pay its mark-up on loan.In 2011, PM Gilani had announced to award bailout package worth Rs 11 billion to Pakistan Railways.In order to materialise this plan, Finance Ministry arranged loan from the National Bank instead of issuing bailout package

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