Rules amended to facilitate Sukuk-II issuance
Pakistan's Power Division has amended the Energy Sukuk Rules aimed at facilitating issuance of Rs 200 Sukuk-II through Pakistan Stock Exchange (PSE). On May 6, 2020, the government approved a new mechanism/criterion for disbursement of payments to the power generators. The Power Division has to disburse Rs 300 billion (Rs 200 billion + Rs 100 billion) through CPPA-G to Power sector entities including the power generators in private and public sector for system operation during the summer season.
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