Exam Bank of China to pro­vide loan for Or­ange Train pro­ject

The Pak Banker - - FRONT PAGE -

LA­HORE: Exam Bank of China will pro­vide soft loan for La­hore Or­ange Line Metro Train Pro­ject and the loan will be re­paid by Pun­jab govern­ment within its own re­sources. The Spokesman of Pun­jab govern­ment has clar­i­fied that La­hore Or­ange Line Metro Train Pro­ject has no link with China Pak­istan Eco­nomic Cor­ri­dor (CPEC) and the re­marks at­trib­uted to Kh. Haris dur­ing the hear­ing of the case have no rel­e­vance with the said lawyer. The spokesman fur­ther said that the lawyer rep­re­sent­ing the govern­ment has stated that just as CPEC pro­ject is be­ing im­ple­mented un­der in­ter-gov­ern­men­tal frame­work be­tween Pak­istan and China, sim­i­larly, a sep­a­rate agree­ment has been made be­tween the two coun­tries for La­hore Or­ange Line Metro Train Pro­ject. He said that th­ese re­marks do not mean that La­hore Or­ange Line Metro Train Pro­ject is the part of CPEC. The Spokesman said the agree­ment of pro­vi­sion of loan for La­hore Or­ange Line Metro Train Pro­ject has been made due to tire­less per­sonal ef­forts of Chief Min­is­ter Pun­jab Muham­mad She­hbaz Sharif and Chi­nese govern­ment is pro­vid­ing soft term loan for the pro­ject through Exam Bank of China which will be re­paid by Pun­jab govern­ment within its own re­sources.

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