November 25, 2019 (PPI-OT)

Miscellaneous

State-run Pakistan International Airlines (PIA) has signed a $130 million multi-tranche financing facility to fund its capital requirements and improve, the company announced on Thursday. United Bank Limited Pakistan and Credit Suisse, Singapore office acted as the lead arrangers for the financing, the airlines said in a statement. "The agreement to this affect was recently signed in Dubai. The lenders include Credit Suisse, United Bank Limited and the National Bank of Pakistan," it added.

© Pakistan Press International, source Asianet-Pakistan