Mr. PM this is a million dollar question..!

Mian Muhammad Nawaz Sharif

Prime Minister of Pakistan

Sir,

You must call an explanation, on the below mentioned question, of the Finance Minister Mr. Muhammad Ishaq Dar, irrespective of the fact that he is your relative, because national interest can’t be compromised at any cost.

Quote:

The Express Tribune Report.

Link..http://tribune.com.pk/story/990484/terms-met-world-bank-approves-500m-for-power-sector-reforms/

“So far, the government has been facing problems in getting concessionary loans from its traditional development partners and has started relying on expensive sources of funding.
From July through September, the government received $1.7 billion in foreign economic assistance and out of that $1.05 billion was on account of expensive commercial borrowings.
These include $263.5 million from Noor Bank Dubai and the $500 million Eurobond.” Unquote.

MY MILLION DOLLAR QUESTION?

Now the Noor Bank loan @4.75% was taken almost at the same time the Eurobonds were floated @8.25%.

The million dollar question is when Noor Bank’s loan was 3.5% cheaper than the Eurobond, why world record most expensive loan was generated thru Eurobonds at 8.25% interest rate, coupled with unspecified tax exemptions also?