Pakistan National Shipping Corporation (PNSC) has swapped its advance of Rs3.3 billion with another advance on delicate terms with a reimbursement time of four years.
In a function held in such manner on Wednesday, PNSC Chairman Arif Elahi said the swap has empowered the company to reimburse the remarkable credit and supplant with an advance on gentler terms.
The assention was marked by Faysal Bank’s Head of Corporate Investment Banking Bilal Asghar and PNSC’s Executive Director Finance Imtiaz C. Agboatwala.
Pastor for Ports and Shipping Kamran Michael, Faysal Bank’s Head of Investment Banking Tayyaba Rasheed and PNSC General Manager Finance Jarrar Haider Kazmi likewise went to.