Islamabad: Finance Minister Ishaq Dar has said that no penalty has been imposed on us in payments to Chinese banks, Shell Company is not ending its business from Pakistan, it is selling shares and only global investors are changing.
While addressing a press conference in Islamabad, Ishaq Dar said that the financial year is going to end on June 30, as part of the funding strategy, the Ministry of Finance has approached Chinese banks and offered to make your payments early and It was decided that the penalty for early payment will not be applicable, only the amount due will be paid, thus this payment given on fast track was returned to Pakistan, paid on Monday and received back on Friday. went
Finance Minister said that there is less than two weeks left, all the loan payments will be on time, we have no problem, the news in this regard is baseless.
Regarding Shell Petroleum Company leaving the country, he said that there is no truth in this news, it was not reported correctly, Shell is not closing its business in Pakistan, nor are employees being fired, whatever decision Shell takes will be taken by the government and Subject to the approval of other institutions, Shell Company wants to sell its shares to another global company and its business in Pakistan will continue as usual, it is not a matter of concern.
The finance minister said that this decision of the Shell company has nothing to do with the situation in Pakistan, it is taking such decisions in many countries, it is separating from the home energy business, it is also selling its business there. And is reorganizing, such news should not be taken negatively.
He further clarified that this is not a new news, we and Pakistan Stock Exchange had this news for several months that he is talking to another investor, the only difference with this deal is that his shares will be renamed and the new investor may retain the Shell name as well.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));