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Posts published in “Day: December 25, 2012

Pak to float bonds to finance I-P pipeline

ISLAMABAD, Dec 25: The banking sector of the country was not capable of financing the Iran-Pakistan gas pipeline but the State Bank could raise funds for the project by launching bonds, Adnan Adil Hussain, senior vice-president for consumer and retail banking at the National Bank, said on Tuesday. Talking to reporters, he said his bank entered such ventures only on the basis of commercial viability. “We are already in a consortium to finance the Neelum-Jhelum…