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$11.5 million credit likely for Bangladesh sugar mill project.
(From Business Recorder)
Byline: MUSHTAQ GHUMMAN
Pakistan is likely to offer $11.5 million credit line to Bangladesh for BMRE of Carew & Co Sugar Mills, instead of $5 million approved earlier, official sources told Business Recorder.
According to summary of Industries Ministry, the government will provide funds to Heavy Mechanical Complex (HMC) in local currency to enable it to supply equipment and machinery to Bangladesh, whereas the latter will return loan in dollars.
The Industries Ministry opined that the terms and conditions of the credit may be made more attractive as Carew & Co Sugar Mills Ltd is first of the eight sugar mills …
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