NBP to put Railways on track

[A.Rafay]

LAHORE - National Bank of Pakistan (NBP) will provide cash-strapped Pakistan Railways a Rs6.10 billion-rupee loan to revamp its depleted fleet, media reports said on Wednesday.
According to the sources, an agreement to this effect has been reached between the National Bank and PRACS – a subsidiary of Pakistan Railways. Under the agreement, the NBP will provide the funds in one-go but the loan amount will be payable in the next five years carrying a mark-up of 10.45 percent per annum.
During the first two years, Pakistan Railways will only pay the mark-up after every six months whereas in the next three years Railways will also be liable to payback principle amount along with the mark-up. The loan will be used for repair and maintenance of Railways engines.

NBP to put Railways on track | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia

 

[Nothing]

LAHORE - National Bank of Pakistan (NBP) will provide cash-strapped Pakistan Railways a Rs6.10 billion-rupee loan to revamp its depleted fleet, media reports said on Wednesday.
According to the sources, an agreement to this effect has been reached between the National Bank and PRACS – a subsidiary of Pakistan Railways. Under the agreement, the NBP will provide the funds in one-go but the loan amount will be payable in the next five years carrying a mark-up of 10.45 percent per annum.
During the first two years, Pakistan Railways will only pay the mark-up after every six months whereas in the next three years Railways will also be liable to payback principle amount along with the mark-up. The loan will be used for repair and maintenance of Railways engines.

NBP to put Railways on track | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia

Another waste of money.
1. Rs6.10 billion-rupee loan means nothing to PR, they need 10 times more money than this to start restructuring and much more after this.
2. mark-up of 10.45 percent per annum - Too high for PR. They will never gonna earn profit of 10.45% on their investment from loan. After some years they will stop paying it and GOP will bail out PR again. Instead GOP should invest in PR right from beginning.

PR needs to concentrate on entire system not on small part of it just to gain public traction or to fulfill some politicians empty promises to emotionally charged public to get more votes.

They are making joke of all sensible decision maker in Pakistan, PR needs committee of experts on public transportation, finance, marketing to make it viable for Pakistan.

 

[VCheng]

.........
They are making joke of all sensible decision maker in Pakistan, PR needs committee of experts on public transportation, finance, marketing to make it viable for Pakistan.

There are no sensible decision makers in Pakistan these days, it seems.

 

[BATMAN]

Money can help Bilor, inflate his investments in India.

Partial money would go to fund terrorist operations.

 

[Nothing]

Money can help Bilor, inflate his investments in India.

Partial money would go to fund terrorist operations.

Link from credible news source or government about your claim .. or your keep your lies with you..
Discuss on topic not off topic ..

 

[SamranAli]

NBP wait untill next govt comes.