{"id":68509,"date":"2020-08-02T10:00:00","date_gmt":"2020-08-02T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68509"},"modified":"2020-07-29T16:32:56","modified_gmt":"2020-07-29T11:32:56","slug":"banks-assistance-sought-on-privatisation-of-balloki-haveli-bahadur-power-plants","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/banks-assistance-sought-on-privatisation-of-balloki-haveli-bahadur-power-plants.html","title":{"rendered":"Banks&#8217; assistance sought on privatisation of Balloki, Haveli Bahadur power plants"},"content":{"rendered":"\n<p>Islamabad: Minister for Privatisation Mohammad Mian Soomro has requested both the local and international banks to participate as lenders in the privatisation of the Balloki and Haveli Bahadur Power Plants, according to a news report published on July 24. The government plans to complete these power projects by December.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/privatisation-commission-recommends-sale-house-building-finance-corporation.html\" target=\"_blank\" rel=\"noreferrer noopener\">Privatisation Commission recommends sale of HBFC, 4 other entities<\/a><\/p>\n\n\n\n<p>He was accompanied by Prime Minister\u2019s Special Assistant Nadeem Babar, and held meetings at the State Bank of Pakistan (SBP). These meetings were with members and executives of banks such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), the United Bank Limited (UBL), the Allied Bank Limited (ABL), the Habib Metropolitan bank, Bank Alfalah, Meezan Bank, and Faysal Bank among others.<\/p>\n\n\n\n<p>Read:<a href=\"https:\/\/www.zameen.com\/news\/privatisation-of-non-profitable-institutes-properties.html\" target=\"_blank\" rel=\"noreferrer noopener\"> PM for accelerated privatisation of non-profitable institutes, properties<\/a><\/p>\n\n\n\n<p>These commercial banks have also been instructed to increase the requisite long-term financing, to be within the benchmark approved by the National Electric Power Regulatory Authority (NEPRA). This will help attract investors to the project and make them feel more secure during the bidding process. Soomro stated that privatising these plants is an important project, and the participation of local banks is important to provide confidence to more potential bidders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Minister for Privatisation Mohammad Mian Soomro has requested both the local and international banks to participate as lenders in the privatisation of the Balloki and Haveli Bahadur Power Plants, according to a news report published on July 24. The government plans to complete these power projects by December. Read: Privatisation Commission recommends sale of HBFC, 4 other entities He was accompanied by Prime Minister\u2019s Special Assistant Nadeem Babar, and held meetings at the State Bank of Pakistan (SBP). These meetings were with members and executives of banks such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), the United Bank Limited (UBL), the Allied Bank Limited (ABL), the Habib Metropolitan bank, Bank Alfalah, Meezan Bank, and Faysal Bank among others. Read: PM for accelerated privatisation of non-profitable institutes, properties These commercial banks have also been instructed to increase the requisite long-term financing, to be within the benchmark approved by the National Electric Power Regulatory Authority (NEPRA). This will help attract investors to the project and make them feel more secure during the bidding process. Soomro stated that privatising these plants is an important project, and the participation of local banks is important to provide confidence to more&hellip;<\/p>\n","protected":false},"author":58,"featured_media":64295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[35962,11126,35961,21911],"persona":[],"class_list":{"0":"post-68509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-balloki","9":"tag-haveli-bahadur-shah-power-plants","10":"tag-power-plants","11":"tag-privatisation","12":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks to help privatise Balloki,Haveli Bahadur plants- Zameen News<\/title>\n<meta name=\"description\" content=\"The government is encouraging the banking sector to participate as lenders in the privatisation process of the Balloki and Haveli Bahadur power plants.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/banks-assistance-sought-on-privatisation-of-balloki-haveli-bahadur-power-plants.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks to help privatise Balloki,Haveli Bahadur plants- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The government is encouraging the banking sector to participate as lenders in the privatisation process of the Balloki and Haveli Bahadur power plants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/banks-assistance-sought-on-privatisation-of-balloki-haveli-bahadur-power-plants.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"atif_zameen_dev","article_published_time":"2020-08-02T05:00:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Electric-Grid.jpg","type":"image\/jpeg"}],"author":"Shanzay Asim","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Shanzay Asim","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/banks-assistance-sought-on-privatisation-of-balloki-haveli-bahadur-power-plants.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/banks-assistance-sought-on-privatisation-of-balloki-haveli-bahadur-power-plants.html"},"author":{"name":"Shanzay Asim","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/32f7a47cf2283e1bb9d09fca10cd6b74"},"headline":"Banks&#8217; 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